Trump Announces ‘Economic D-Day’ Against Iran, Warns ‘Worse Coming’

The president said Iran’s navy and air force have been destroyed while its production facilities have been reduced to “rubble.”

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 Foreign Ministry spokesperson Esmail Baghaei accused the United States earlier this week of having an “addiction” to economic sanctions when diplomatic efforts fail, according to Yemen’s state-run news agency.

Iranian leaders also warned neighboring Gulf countries Wednesday against assisting the American military campaign.

But one of Iran’s important regional economic relationships suffered a major blow the same day.

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.