Trump vows “Economic D‑Day” against Iran, urges allies to cut support

President Donald Trump used Truth Social to declare an “Economic D‑Day” aimed at Iran, warning that any nation, bank, airport, refinery or intermediary that assists Tehran will face “tremendous economic consequences.” Treasury Secretary Scott Bessent said the administration will consider secondary sanctions and will detail the measures. The United Arab Emirates has suspended trade and financial transactions with Iran, presented as an initial step for other partners.

Iran’s foreign minister Abbas Araghchi dismissed the move as a distraction from U.S. fiscal problems. China’s foreign ministry rejected the threat and called for a diplomatic settlement, while Trump has proposed publishing a monthly “Naughty and Nice List” of entities dealing with Iran.