US President Donald Trump said on Wednesday he was launching a major new campaign to target Iran’s economy, threatening “tremendous” punishment on any country that helps or does business with the Islamic Republic.
The intensified economic pressure campaign comes as the war nears its sixth month with no immediate diplomatic or military off-ramp in sight and the vital Strait of Hormuz still significantly choked-off.
With the November election quickly approaching, Trump is also facing renewed...
Trump warns of punishment for any country that supports Iran: ‘economic warfare’
Global - Asia
Archived
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August 19, 2026
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Source: South China Morning Post | https://www.scmp.com/rss/91/feed - Read Original
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