How much could Trump's 'economic D-Day' hurt Iran?
Nearly six months after US President Donald Trump vowed a swift victory over Iran, the conflict appears to be at a standstill, with prospects of a military victory or negotiated settlement growing dimmer. To break the deadlock, Trump has vowed an "economic D-Day" under which any country that does business with Iran would face "tremendous" economic consequences.
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Key Facts
- Fact 1: The exact mechanics of the new US economic pressure campaign remain unclear, with Treasury Secretary Scott Bessent promising to reveal them in a news conference on 24 August.
- Fact 2: "We're going to keep that going because we think that's the best way to ultimately achieve the final objective." Iran has faced significant US sanctions since nearly the beginning of the Islamic Republic in 1979.
- Fact 3: The economic pressure campaign intensified after the first Trump administration withdrew from the Joint Comprehensive Plan of Action, a 2015 pact between world powers and Iran to curb its nuclear programme.
Nearly six months after US President Donald Trump vowed a swift victory over Iran, the conflict appears to be at a standstill, with prospects of a military victory or negotiated settlement growing dimmer. To break the deadlock, Trump has vowed an "economic D-Day" under which any country that does business with Iran would face "tremendous" economic consequences.
Iran, however, has long faced sanctions and has so far shown a willingness to endure pain, and a capacity to adapt to immense economic and military pressure as the conflict drags on. The key question for the US then becomes, will further sanctions work where other strategies have failed? The exact mechanics of the new US economic pressure campaign remain unclear, with Treasury Secretary Scott Bessent promising to reveal them in a news conference on 24 August.
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Original source: BBC News World