Iranian Foreign Minister Abbas Araghchi has strongly criticised U.S. President Donald Trump’s newly announced “Economic D-Day” campaign against Iran, saying increased economic pressure will bring “Further defeat” to the United States rather than force Tehran to surrender.
Trump announced a new economic campaign targeting Iran and warned countries, companies and financial institutions supporting Tehran that they could face “Tremendous economic consequences”
Araghchi’s response
Araghchi said the U.S. pressure campaign would not achieve its intended objective. He argued that Washington was repeating policies that had already failed to force Iran to change its position.
He also described the U.S. measures as “Economic Terrorism” saying they threaten Iran’s economic sovereignty and could have wider consequences for the global economy.
What Trump’s campaign targets
The U.S. pressure campaign is expected to focus on:
- Iranian oil exports and smuggling networks
- Financial transfers and currency networks
- Shipping companies and vessels
- Front companies used to bypass sanctions
- Businesses and financial institutions dealing with Iran
Trump has called on other countries to cooperate with Washington in economically isolating Iran.
Why it matters
The latest escalation comes amid continuing tensions between Washington and Tehran and uncertainty over diplomatic negotiations.
Iran is one of the world’s major energy producers, while the Strait of Hormuz remains a critical route for global oil shipments. Any further confrontation could therefore affect oil prices, shipping costs and international markets.
Bottom line
Trump: Wants maximum economic pressure to isolate Iran.
Araghchi: Says increased pressure will not force Iran to surrender and could instead lead to another defeat for the United States.
The development represents a major escalation in U.S.-Iran economic confrontation, although it is not itself a new military operation.
