Trump’s ‘economic D-Day’ claims first victim: Not Iran, but US markets
United States President Donald Trump has threatened a crushing financial campaign against Iran, which he has referred to as “economic D-Day”, as the war on Tehran continues to drag on. But on Thursday, the first casualty appeared to be US markets.
Why It Matters
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Key Facts
- Fact 1: US Treasury secretary says new economic measures will ‘collapse’ Iran Walmart sees sales drop as US consumer spending retreats Houthis and government trade attacks as Yemen slides back to full-scale war As US crude oil nudged up from its Wednesday closing price of $86.20 per barrel to $86.70, the US stock market made its worst losses in three weeks.
- Fact 2: Meanwhile, the US announced its total debt has surpassed a record $40 trillion this week.
- Fact 3: Before the war, some 20 percent of global oil and natural gas supplies were shipped through this waterway.
- Fact 4: Before the war, some 130 ships passed through the strait each day.
United States President Donald Trump has threatened a crushing financial campaign against Iran, which he has referred to as “economic D-Day”, as the war on Tehran continues to drag on. But on Thursday, the first casualty appeared to be US markets.
US Treasury secretary says new economic measures will ‘collapse’ Iran Walmart sees sales drop as US consumer spending retreats Houthis and government trade attacks as Yemen slides back to full-scale war As US crude oil nudged up from its Wednesday closing price of $86.20 per barrel to $86.70, the US stock market made its worst losses in three weeks. Meanwhile, the US announced its total debt has surpassed a record $40 trillion this week. Here’s what Trump has threatened and what the result has been so far.
(Original synthesis pending human/AI review — generated by the stub provider by selecting real sentences from the source material, not by writing new analysis or commentary.)
Original source: Al Jazeera
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