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The speaker is highlighting the Trump administration’s domestic legislation while trying to turn individual congressional races into broader referendums on Democratic candidates and their policies.
The president said countries around the world now face a choice, declaring that governments attempting to undermine the new American operation could themselves face enormous consequences.
Trump announced what he called an “Economic D-Day” against Iran, promising unprecedented economic isolation while warning countries against providing Tehran with any financial or commercial lifeline.
“This will be Economic Warfare and Isolation on an unprecedented scale,” he continued.
Trump then expanded the warning beyond Tehran, putting governments and businesses around the world on notice that assisting Iran could expose them to American economic retaliation.
The president specifically identified several methods that he said countries and businesses must prevent Iran from using to evade the growing economic pressure.
“You know who you are,” he added.
“This will be an ECONOMIC D-DAY, and we need all of our Allies to stand with the United States of America to isolate, and defeat, the Iran threat,” Trump said.
“These maniacs are on the ropes, and these HISTORIC MEASURES will cripple them and their ability to project terror worldwide,” he added.
Trump also described Tehran’s currency as “worthless” and claimed the country itself “is hanging by a thread.”
The announcement represents another escalation in Washington’s pressure campaign, which has included a naval blockade as the administration attempts to force Tehran to capitulate.
Iranian leaders also warned neighboring Gulf countries Wednesday against assisting the American military campaign.
The United Arab Emirates severed all financial and economic ties with Iran Wednesday, citing Tehran’s military escalation and incoming missile fire.
The president has also intensified pressure surrounding the Strait of Hormuz, the strategically critical waterway through which a substantial portion of global oil supplies traditionally travels.
On Monday, Trump threatened military action against Oman if the country acts as an obstacle to reopening the strait.
Trump nevertheless left open the possibility that negotiations with Tehran could eventually resume.
“Maybe at some point,” Trump said when discussing whether the United States could return to talks with Iran, Fox News reported.
The president also argued that the Strait of Hormuz may become “not going to be quite as important as it was in the past” as countries search for alternative sources and routes for energy.