Trump threatens ‘tremendous economic consequences’ for nations aiding Iran

WorldPolitics
20 Aug 2026 • 7:39 AM MYT
The Independent
The Independent

The world’s most free-thinking newspaper

Trump threatens ‘tremendous economic consequences’ for nations aiding Iran

  • President Donald Trump declared an “Economic D-Day” against Iran, threatening severe financial consequences for any nation offering a lifeline to Tehran.
  • “ANY country that allows its financial institutions, businesses, airports, or government entities to provide any type of lifeline to Iran will itself face TREMENDOUS Economic Consequences”, Trump warned on Truth Social Wednesday.
  • Trump urged global allies to help isolate Iran by shutting down oil smuggling, cash transfers, ship registries and front companies.
  • Iran responded by threatening to attack any Gulf states that assist the United States in the escalating conflict.
  • The warnings follow accusations from the United Arab Emirates that Tehran launched two ballistic missiles, marking the first such incident since May.

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