Trump announces 'economic warfare' on Iran, threatens ‘tremendous’ consequences for its backers

Trump declares 'economic warfare' on Iran, threatens its backers Skip Navigation Markets Pre-Markets U.S. Markets Currencies Prediction Markets Cryptocurrency Futures & Commodities Bonds Funds & ETFs Business Economy Finance Health & Science Media Real Estate Energy Climate Transportation Investigations Industrials Retail Wealth Sports Life Small Business Investing Personal Finance Fintech Financial Advisors Options Action ETF Street Buffett Archive Earnings Trader Talk Tech Cybersecurity AI Enterprise Internet Media Mobile Social Media CNBC Disruptor 50 Tech Guide Politics & Policy White House Policy Defense Congress Expanding Opportunity Video Latest Video Full Episodes Livestream Live Audio Live TV Schedule CNBC Podcasts CEO Interviews CNBC Documentaries Digital Originals Watchlist Investing Club Trust Portfolio Analysis Trade Alerts Meeting Videos Homestretch Jim's Columns Education Subscribe PRO Pro News Josh Brown Mike Santoli Calls of the Day My Portfolio Livestream Full Episodes Stock Screener Market Forecast Options Investing Chart Investing Subscribe Livestream Menu Make It select USA INTL Livestream Search quotes, news & videos Livestream Watchlist SIGN IN Create free account Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Politics & Policy Trump announces 'economic warfare' on Iran, threatens ‘tremendous’ consequences for its backers Published Wed, Aug 19 2026 7:11 PM EDT Updated 4 Min Ago Anniek Bao @in/anniek-bao-460a48107/ @anniekbyx WATCH LIVE Key Points The announcement extends a pressure campaign the Trump administration has waged since April under the banner Operation Economic Fury. US President Donald Trump delivers remarks during a meeting with cryptocurrency executives in the Roosevelt Room of the White House in Washington, DC, on Aug. Jim Watson | AFP | Getty Images President Donald Trump said the U.S. will launch what he called the "most crushing economic operation ever taken against any country" against Iran, threatening severe financial penalties on any nation that helps Tehran evade sanctions. In a Truth Social post, Trump said Iran's navy, air force, and military production facilities have been destroyed and its currency rendered worthless, arguing the regime is "hanging by a thread." He said any country whose financial institutions, businesses, airports, or government entities offer Iran a "lifeline" will face what he described as tremendous economic consequences of their own. Bu özet bilgilendirme amaçlıdır, yatırım tavsiyesi değildir. — hisseonlinebot