look news india
US President Donald Trump has announced the biggest and toughest economic action ever against Iran and named it ‘Economic D-Day’. President Trump has clearly warned that any country, financial institutions, companies, airports or government agencies that provide any kind of assistance to Iran will have to suffer huge economic losses.
The toughest economic action ever taken
The US President said in his post on the social media platform ‘Truth Social’ that he gave Iran the best opportunity for an agreement like no other, but he failed to take advantage of it. After this, now the strictest economic steps are being taken against Iran.
Under this campaign, Iran’s activities like oil trading, cash transactions, use of money exchange companies and fake registration of ships will be completely tightened. Trump has compared this campaign to the historic landing (D-Day) of American troops in Normandy during World War II and has appealed to all America’s allies to come together to end the threat posed by Iran.
Pressure on Iran’s economy and military capability
Donald Trump claims that due to all these sanctions, Iran’s military strength and economy have already reached a very weak position. He said that Iran’s navy and air force are almost inactive and military factories have been destroyed.
What is ‘Economic D-Day’?
‘Economic D-Day’ is not a traditional or official legal term, but is a term used to define the macroeconomic war waged by the US President against Iran. ‘D-Day’ of 6 June 1944 is historically recorded as the Allied military operation in Normandy that changed the course of World War II. Citing this context, Trump has announced this new economic strategy to isolate Iran globally.