Published Aug 20, 2026, 11:45 PM ET · Updated 3 months ago · 1 source
US declares 'economic D-Day' against Iran, risking escalation with China
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Original Report
President Trump has declared an 'economic D-Day' against Iran, promising the 'most crushing economic operation ever taken against any country,' specifically targeting financial institutions and countries that provide lifelines to Iran. This aggressive move, potentially aimed at Chinese purchases of Iranian oil, risks escalating tensions with Beijing ahead of President Xi Jinping's visit.