Washington, August 20: Iranian Foreign Minister Abbas Araghchi believes that U.S. President Donald Trump’s “Economic D-Day” sanctions will backfire. Trump announced the Economic D-Day against Iran during a press conference at the White House on Wednesday, claiming it would also affect Iran’s allies and partners.
Rejecting Trump’s sanctions campaign, Araghchi argued that the so-called “Economic D-Day” is an attempt to divert attention from domestic issues in the U.S. He stated in a post on X, “This move is aimed at distracting from Washington’s mounting debt and rising interest costs.” He further added, “Sticking to failed policies will only lead to more losses.”
Labeling the sanctions as economic terrorism, he asserted that America’s “economic terrorism poses a threat to the global economy and the sovereignty of nations worldwide.”
In response to press inquiries, Trump warned countries maintaining trade or financial ties with Iran of severe economic consequences. He referred to this initiative as “Economic D-Day,” indicating a campaign to economically isolate Iran.
The joint U.S.-Israel action against Iran, which began on February 28, 2026, is now entering its sixth month, with the duration continuously extending. This is why Washington’s focus has shifted to crippling Iran’s economy following military actions. The U.S. campaign aims to target oil smuggling, financial transactions, and other sources of income for Iran.
A key component of this campaign is to halt Iran’s oil exports. Rising tensions in the Strait of Hormuz and significant reductions in maritime traffic have already increased uncertainty in the global energy market. Concerns over disrupted oil supplies are also putting pressure on prices and shipping costs.
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