WASHINGTON (TNND) — President Trump announced on Truth Social Wednesday evening that the “MOST CRUSHING ECONOMIC OPERATION EVER” against Iran is underway amidst negotiations to reopen the Strait of Hormuz, a major oil trading waterway. The route has been effectively closed since early March.
“This will be Economic Warfare and Isolation on an unprecedented scale,” the president wrote.
Trump said any country that “provides any type of lifeline to Iran” will be hit with “TREMENDOUS Economic Consequences” from the U.S.
“Oil smuggling, swap lines, cash transfers, exchange houses, ship registries, front companies — It all needs to stop NOW. You know who you are,” the president wrote.
“This will be an ECONOMIC D-DAY, and we need all of our Allies to stand with the United States of America to isolate, and defeat, the Iran threat,” Trump continued in the post.
The announcement follows Treasury Secretary Scott Bessent’s warning from last week that the U.S. would seek to ramp up economic pressure on Tehran over the strait.