Donald Trump Announces Large-Scale Economic Campaign Against Iran Affecting International Trade
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Aaj Tak
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Donald Trump Announces Large-Scale Economic Campaign Against Iran Affecting International Trade

Despite pressure from the United States, India continues to purchase crude oil from Russia. However, the situation changes drastically when it comes to Iran. Donald Trump has announced the start of a large-scale economic war against Iran.

This warning from Washington is addressed not only to Tehran but also to all countries, banks, and companies that trade with Iran. Within the diplomatic analysis, Trump's 'economic De-day', harsh sanctions against Iran, and India's strategic dilemma will be examined.

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Iran responds to Trump's statements on the Strait of Hormuz, threatening serious consequences
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Iran responds to Trump's statements on the Strait of Hormuz, threatening serious consequences

Amid the ongoing conflict between the US and Iran, which has lasted about six months, tensions have reached a peak following President Donald Trump's statements regarding the recognition of the Strait of Hormuz as American territory and the imposition of the harshest economic sanctions in history. In response, the Chief of Staff of the Iranian armed forces, Major General Ali Abdollahi, announced readiness to give a decisive answer to new US threats in all spheres: land, sea, air, air defense, and cyberspace.

This new dispute intensified against the backdrop of disruptions to shipping in the strategically vital Strait of Hormuz and rising global oil prices. Major General Ali Abdollahi emphasized that Tehran is fully prepared to respond to any US actions across multiple fronts. He stated that the Iranian army, remaining vigilant on land, at sea, in the air, in air defense, and in cyberspace, would deliver a 'crushing and painful response' to the enemy's new threats.

Despite significant damage inflicted on Iran's economy and traditional military capabilities during the six-month confrontation, the country retains potential in missile and drone technologies.

US President Donald Trump made a major statement regarding the strategic waterway, the Strait of Hormuz. Speaking to journalists, Trump stated that he is currently considering the Strait of Hormuz as American territory. He insisted that full control over Hormuz and adjacent territories rests with the US.

According to Trump, Iran wishes to reach an agreement, but, in his words, it is not yet ready to conclude a suitable treaty.

During a rally in Myrtle Beach, South Carolina, President Donald Trump reiterated that Iran must under no circumstances be allowed to acquire nuclear weapons. Trump warned that acquiring nuclear weapons by Iran would lead to very negative consequences. He asserted that the US has actively hindered Iran's nuclear ambitions and that Tehran will never obtain nuclear weapons.

US Treasury Secretary Scott Bassent announced that a detailed list of new and stricter financial restrictions against Iran would be published on Monday. Bassent called this strategy multilateral pressure, noting that in addition to existing blockades, they plan to introduce the harshest restrictions in history. The goal of this economic campaign is to overthrow the current leadership and regime of Iran. Trump also cautioned other countries against providing economic aid to Iran, warning of possible consequences.

China, the largest buyer of Iranian oil by sea, rejected this American approach to sanctions. According to an official statement from the Chinese embassy in Washington, sanctions and excessive pressure never solve problems. China called for a diplomatic resolution to the dispute. Statistics show that more than 80 percent of the total volume of Iranian oil exports by sea in 2025 was destined only for China.

The Speaker of the Iranian Parliament, Mohammad Bagher Ghalibaf, acknowledged the immense pressure being placed on the economy due to US threats while affirming his determination to resist these threats. In neighboring Iraq, he stated that plans must be developed to overcome unfair restrictions. Ghalibaf warned that the country cannot function solely on military might; if people are starving, there is no financial turnover, economic development, or national production, and the survival of the country is impossible.

Following the US threats, global crude oil prices rose. Brent Crude reached $94.39 per barrel, and West Texas Intermediate reached $87.06 per barrel. Before the war, one-fifth of global oil trade passed through this narrow route. Currently, there is a sharp decline in shipping, with only seven cargo ships registered on Thursday.

Separate negotiations took place between Iran and Oman regarding customs collection to restore normal shipping through the Strait of Hormuz, but the US opposed levying any fees or taxes on vessels. Meanwhile, NATO Commander-in-Chief, US Air Force General Alexis Grinkevich, held a video conference with the heads of allied defense departments to discuss freedom of navigation in the Strait of Hormuz. The representative clarified that this is not a NATO mission, but NATO capabilities may be useful for coordinating maritime security issues.

It should be noted that the six-month conflict has dealt serious damage to Iran, but Trump has not been able to fully realize his stated goals. The rise in fuel prices resulting from this confrontation has also affected Trump's popularity in the US. According to a recent poll, Trump's approval rating reached its lowest level during his current term. Despite two truces in April and June, a permanent solution has not been reached.

Donald Trump warns other countries about the consequences of aiding Iran
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Donald Trump warns other countries about the consequences of aiding Iran

US President Donald Trump issued a direct threat to countries that support Iran. He stated that any states providing financial aid or goods to Iran will face serious consequences.

The United States is preparing to launch the largest economic campaign in history, aimed at blocking Iran's international channels. In his message on Truth Social, Trump emphasized that countries assisting Iran will not be able to avoid these measures.

He specified that if financial institutions, companies, airports, or government agencies of any country open pathways for assistance to Iran, they could suffer significant economic losses.

However, Trump did not name specific countries nor detail what actions America would take against countries, companies, or financial institutions providing support.

Trump also mentioned specific methods of supporting Iran, including oil smuggling, financial transactions, cash transfers, operation of exchange offices, ship registration, and conducting business through various companies.

He demanded an immediate halt to all such economic aid directed to Iran. His message was unequivocal: America will monitor any country or organization that supports economic ties with Iran.

Trump noted that his administration had repeatedly given Iran the opportunity to reach an agreement, but Tehran rejected this offer. Because of this, the US intends to intensify economic pressure on Iran, calling this campaign an unprecedented economic struggle and isolation.

He called on US allies to support efforts to isolate Iran from the international economic system. Furthermore, Trump asserted that Iran's economy is already under strong pressure, and new steps will undermine its foundations, making it extremely difficult for Iran to conduct business globally.

Concluding his statement, he reiterated that Iran must under no circumstances acquire nuclear weapons. Trump's warning is not limited only to Iran; it extends to the companies, countries, and organizations that maintain economic relations with Iran. Although it is not yet clear which specific countries or institutions will be subjected to American action, Trump made it clear about the intention to increase economic pressure.

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