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Trump sinks Iran with 'devastating economic operation'

2026-08-20 08:02:29Kosova&Bota SHKRUAR NGA REDAKSIA VOX

Trump sinks Iran with 'devastating economic operation'

US President Donald Trump has announced an unprecedented escalation of economic pressure on Iran, declaring that the United States will undertake what he described as "the most devastating economic operation ever undertaken against a country."

In a statement published on Truth Social, Trump said that Iran had had a great opportunity to reach a deal with the US administration, but according to him, Tehran had not taken advantage of that opportunity.

"No one has given the Islamic Republic of Iran a greater opportunity to make a deal than I have. Tragically for them, they have failed to take advantage of it," Trump wrote.

The US president then announced a new campaign that he described as “economic warfare and isolation on an unprecedented scale.” He called this phase “Economic D-Day,” signaling an effort to strike not only the Iranian economy but also the international networks that enable Iran to continue economic activity.

Trump warned that any country that provides economic or financial support to Iran will face severe consequences from the United States. The threat includes financial institutions, private companies, airports, government entities and other actors that could provide Tehran with a way to circumvent US sanctions.

Specifically, Trump mentioned oil smuggling, currency exchange lines, cash transfers, currency exchange offices, ship registries, and shell companies. According to him, all of these channels must be cut off immediately.

Trump accompanied the statement with an extremely harsh assessment of the situation in Iran. He claimed that the Iranian Navy has been destroyed, the air force has been severely damaged, military factories have been reduced to rubble, and the Iranian currency has been dramatically devalued.

He described Iran as a country "hanging by a thread" and said the Iranian leadership is "on the ropes."

However, these statements about Iran's military and economic situation are assessments made by Trump and should not automatically be considered independent assessments.

The escalation comes at a critical moment for US-Iran relations, as diplomatic efforts to reach an agreement have not produced the result Washington desires. The Trump administration is seeking to use maximum economic pressure to force Tehran to accept US terms and abandon any efforts to develop nuclear weapons.

One of the main targets of the new measures is Iran's international oil trade network. Iran is a major energy producer and any attempt to restrict its exports could have repercussions on global markets.

The focus may be particularly on countries and companies that continue to buy Iranian oil or that help transport, finance, and secure it.

China is particularly important in this regard, as it has been one of the main buyers of Iranian oil. An aggressive implementation of secondary US sanctions could create new tensions between Washington and Beijing.

Trump's statement also comes at a time when global energy markets are under pressure due to uncertainty in the Middle East and the situation around the Strait of Hormuz, a strategic corridor for international oil transport.

Oil prices are particularly sensitive to any developments that could jeopardize Iranian exports or tanker movement in the region.

At the end of his statement, Trump reiterated the US position that Iran will not be allowed to possess nuclear weapons.

"IRAN WILL NEVER HAVE A NUCLEAR WEAPON," he declared.

Trump called on US allies to join Washington in isolating Iran and warned that countries that continue to provide economic support to Tehran could face punitive US measures.

If the US administration implements these threats to the extent warned, the pressure on Iran could move to a new phase, where the target will not only be the Iranian economy, but also the companies, banks, transporters and governments that provide Tehran with opportunities to circumvent sanctions.

This could trigger a new economic and diplomatic clash between the US and Iran's trading partners, while any further disruption to Iranian oil exports could also affect global energy prices.

Trump's message is clear: Washington is moving towards a strategy of maximum isolation of Iran and is warning that this time the consequences will not be limited to Tehran, but could also affect any country or company that helps Iran survive economically.


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