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Thu, 20 Aug 2026

Thu, 20 Aug 2026 Trump threatens 'tremendous economic consequences' on any country helping Iran

It comes after a 60-day ceasefire expired on Monday, with no sign of a diplomatic or military off-ramp to the conflict.

* President Donald Trump has threatened that any country helping or doing business with Iran will face "TREMENDOUS Economic Consequences".
* He launched a new economic operation, dubbed "economic D-Day", after a 60-day ceasefire with Iran expired.
* The US and Israel began conflict with Iran in late February, and the pressure campaign of Operation Economic Fury was launched in April to sanction foreign banks or firms that do business with Tehran.
* Trump's statement comes after the UAE announced it would sever all financial and economic ties with Iran following a new missile threat from the country.
* The US has also sanctioned several Chinese businesses for doing business with Iran, including "teapot refineries" in eastern China.
* The sanctions have been met with resistance from China, which has called them "in violation of international law".
* Trump's latest move is seen as an attempt to pressure other countries into isolating Iran economically.
* The conflict between the US and Iran has disrupted traffic through the Strait of Hormuz, pushing up global energy prices.