Iranian FM Araghchi says Trump’s ‘economic D-Day’ will bring ‘further defeat’ to US

Jerusalem Post/Middle East/Iran NewsIran's Foreign Minister, Abbas Araghchi says Trump’s “economic D-Day” is a diversion from America’s debt crisis and warns it will fuel hostility toward Iranians.Follow us on GoogleIranian Foreign Minister Abbas Araghchi attends the talks with Russian President at the Boris Yeltsin Presidential Library in Saint Petersburg on April 27, 2026.(photo credit: Dmitry LOVETSKY / POOL / AFP via Getty Images))ByJERUSALEM POST STAFFAUGUST 20, 2026 09:21Updated: AUGUST 20, 2026 09:48Iran's Foreign Minister, Abbas Araghchi, says US President Donald Trump's 'economic D-day' on Iran will only bring 'further defeat' to the US in a post to X/Twiiter on Thursday.“The so-called ‘Economic D-Day’ is a diversion from America's own crisis: unprecedented debt & surging interest costs,” Araghchi remarked.“Doubling down on failed policies will only bring further defeat - and enmity of Iranians. US economic terrorism threatens global economy and sovereignty worldwide.” He concluded.The statement was made in response to Trump's announcement on Truth Social on Wednesday, declaring that the United States would be launching "the most crushing economic operation ever taken against any country" aimed at Iran."This will be an ECONOMIC D-DAY," Trump stated in the post, adding that the US needed all its allies to aid in isolating Iran.US President Donald Trump speaks during a visit to the Fort Bragg U.S. Army base on February 13, 2026 in Fort Bragg, North Carolina. Trump visited the base to honor special forces involved in the military operation in Venezuela in early 2026. (credit: Nathan Howard/Getty Images)Trump also said that any country which provided aid to Iran would face "TREMENDOUS Economic Consequences.""Oil smuggling, swap lines, cash transfers, exchange houses, ship registries, front companies - It all needs to stop NOW," Trump wrote. "You know who you are."Trump also described Iran as "maniacs" who were "on the ropes.""These HISTORIC MEASURES will cripple them and their ability to project terror worldwide," he stated, adding, "IRAN WILL NEVER HAVE A NUCLEAR WEAPON."Economic pressure over military actionOn Monday, US Special Envoy Jared Kushner stated that Trump was emphasizing economic pressure over military action in Iran, in an interview with FOX News.Kushner stated Trump is focusing on the blockade of Iran which had left the Iranian economy "way worse off now."Kushner also claimed that, "Trump doesn't want to rush into a deal” adding he'll make the right deal when it's ready and would continue to be "very patient with Iran."Follow us on Google