Chokepoint Data · the Strait of Hormuz crisis

Trump announces 'Economic D-Day' sanctions drive against Iran and its trade partners

2026-08-19 22:59 UTC · policy

In a Truth Social post Trump announced an 'Economic D-Day' of what AP described as 'unprecedented' economic warfare and isolation against Iran, threatening consequences for countries and companies that keep doing business with it. Treasury Secretary Scott Bessent launched the campaign as 'Operation Economic Outcast' on 24 August, sanctioning more than 60 entities, individuals and vessels, widening secondary sanctions to digital assets, technology, gold, aviation and shipping, and setting country-by-country deadlines to cut links with Iran. Iran's security chief Mohsen Rezaei said any country joining the measures would be treated as an enemy.

Brent next close +1.8% · +7 days -2.4% · transits 4.4 → 4.4 per day

Sources

AP via Nashua Telegraph · CNBC · KATV (The National News Desk)

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