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CNBC

Trump announces 'economic warfare' on Iran, threatens ‘tremendous’ consequences for its backers

Wednesday, August 19, 2026


The Trump administration announced additional economic measures against Iran on [date], building on a pressure campaign initiated in April under the designation Operation Economic Fury. The administration stated it would impose consequences on countries and entities providing support to Iran. Trump did not specify which nations or organizations would face penalties or the form those consequences would take.

Original reporting: https://www.cnbc.com/2026/08/19/us-iran-war-trump-hormuz-economic-warfare.html

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