Trump threatens Iran with “economic war”

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Lerato Khumalo

Iran war

Trump threatens Iran with “economic war”

Updated 08/20/2026 – 02:00Reading time: 2 minutes

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Trump announces an economic war against Iran. (Source: Jacquelyn Martin/AP/dpa/dpa-bilder)

Whether on a military or diplomatic level: Donald Trump still lacks visible successes in his war against Iran. The pressure on him is increasing. Now the US President is intensifying his rhetoric.

Against the backdrop of a lack of success in negotiations with Tehran, US President Donald Trump dem Iran threatened with an unprecedented “economic war”. He announced on his platform that every country, including its financial institutions, companies, airports and government agencies, would have to expect “HUGE economic consequences” if they supported Iran Truth Social. The help of all allies is needed USAto stop the threat posed by Iran.

Two and a half months before the important midterm elections in the USA, Trump is under great pressure domestically – also because he has not been able to claim any obvious successes in his war against Iran for weeks. Neither on the diplomatic nor on the military level does it seem to be progressing in his favor. Not just in the negotiations about reopening Strait of Hormuzthrough which merchant ships could pass unhindered before the war began, Tehran appeared unimpressed by the Republican’s regular threatening gestures.

Trump speaks of “economic D-Day”

Trump repeatedly makes threats against the leadership of the Islamic Republic – and this time too he chose sharp words. He spoke of “measures of historic proportions” and the “most devastating economic operation” that had ever been carried out against a country. He compared his plan, peppered with superlatives, to an “economic D-Day” for Iran.

The so-called D-Day on June 6, 1944 with the landing of the Allied troops in Normandy marked the beginning of the liberation of France and Western Europe from Nazi rule Second World War.

Will US sanctions be expanded?

The US has had sanctions against Iran for a long time. Now Trump seems to want to expand this again. “Oil smuggling, currency exchange agreements, money transfers, exchange offices, shipping registries, front companies – all of this must be stopped immediately,” Trump continued.

How exactly the US President wants to bring the leadership in Tehran to its knees initially remained open. Also the question of what consequences countries face that “support” Iran. This would enable states like: Russia, India or China This refers to those who continue to purchase Iranian oil. Oil exports are the most important source of income for the Islamist power apparatus in Iran.

Long weeks without much progress

A few days ago, a deadline expired during which representatives of the USA and Iran wanted to conclude negotiations on key controversial issues such as the Iranian nuclear program. However, there does not appear to have been any significant progress at the diplomatic level. The ceasefire, which was never consistently implemented, and other points of the agreement have been violated several times in the past few weeks.

According to Trump’s statement on Tuesday, there were no longer any ongoing negotiations. “There are currently no talks or negotiations taking place with the Islamic Republic of Iran and none are planned,” he said. The day before, he had told the US broadcaster Fox News that representatives of the US government were in direct contact with the powerful Iranian Revolutionary Guard. In the past, Trump had repeatedly caused a stir with claims about alleged talks and negotiations, which were denied by Iran.