President Donald Trump told reporters at the White House on Thursday that Iran is “not paying their troops” and are “in deep trouble” following the launch of the U.S. Treasury Department’s Operation Economic Outcast against Tehran.
“The strait is open. As you know, the Strait of Hormuz is open,” Trump added. “We have control and we have the blockade. Iran is not getting anything, nothing is going through, not one ship has gotten through.”
The aggressive strategy, labeled as an “Economic D-Day” and initiated under the direction of Trump, aims to “tighten the noose and block every potential source of revenue that funds the Islamic Revolutionary Guard Corps (IRGC) and the Iranian regime,” according to Treasury Secretary Scott Bessent.
The Trump administration also will implement secondary sanctions to pressure nations into severing ties with Tehran, while simultaneously blacklisting nearly 60 people, businesses and vessels involved in illicit trade.
Fox News’ Louis Casiano contributed to this post.