President Donald Trump pauses while delivering remarks at the David S. Mack Center for Training and Intelligence in Garden City, N.Y., on Aug. 14, 2026. Samuel Corum/Getty Images
The U.S. will launch all-out “economic warfare” against Iran, President Donald Trump announced Wednesday.
“No one has given the Islamic Republic of Iran a greater opportunity to make a Deal than me. TRAGICALLY, for them, they have failed to take it,” Trump wrote in a post on Truth Social. “Therefore, today, I am announcing the MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY!
“This will be Economic Warfare and Isolation on an unprecedented scale,” Trump wrote.
He announced that foreign countries who allow their financial institutions, businesses, airports, or government entities “to provide any type of lifeline to Iran will itself face TREMENDOUS Economic Consequences.”
This story is breaking and will be updated.
