Donald Trump: "the most crushing economic operation ever taken against any country"

Iranian officials brushed off President Trump’s newest threats of sweeping economic action against Tehran, saying long-standing American penalties had not worked. Visiting Iraq, parliamentary speaker Mohammad Baqer Qalibaf argued that because Washington cannot defeat Iran in battle, it has turned to psychological and financial tactics; Foreign Minister Abbas Araghchi claimed the new approach was meant to distract from America’s economic troubles. Trump posted on Truth Social that he planned a major escalation of pressure on Iran and called on allies to join. The threats follow the expiration of a 60-day negotiating pact, with diplomacy stalled, a U.S. blockade still in force, and Iran limiting shipping through the Strait of Hormuz. Treasury Secretary Scott Bessent has warned of consequences for countries helping Iran, noting China buys most Iranian oil; Beijing urged talks. Bessent will provide details Monday.