The Iranian regime has dismissed President Trump's threats to crush the country economically, saying that years of U.S.sanctions have failed.On Friday, Iran's parliamentary speaker Mohammad Baqer Qalibaf, the country's main negotiator with the U.S., said Trump's threat of an "economic D-Day" showed Washington was unable to prevail militarily."The Americans and the Israelis have realised that they cannot handle Iran…in the field of a hard military war, so they have entered into a cognitive war and an economic war," he said during a visit to neighboring Iraq.Iran's Foreign Minister Abbas Araghchi had also condemned Trump's announced pivot to economic warfare, calling it 'economic terrorism' meant to divert attention from U.S.'s economic problems.
He said in a social media post that doubling down on failed U.S.policies would further increase anti-American sentiment.Earlier this week, Trump wrote on Truth Social promising "the most crushing economic operation ever taken against any country" and calling on allies to stand with the U.S.His remarks come with diplomatic efforts to revive peace talks completely stalled, days after a 60-day memorandum of understanding to negotiate an end to the war expired.A U.S.
blockade is still in place and Iran is still heavily restricting traffic through the Strait of Hormuz, a crucial oil waterway.The U.S.already has extensive sanctions on Iran that make a lot of international trade with Western countries impossible, and in June, the U.S.
also cracked down on refineries and businesses which buy Iranian oil.Now Treasury Secretary Scott Bessent is threatening even more secondary sanctions on nations – not just business entities – that do business with Iran.On Wednesday, Trump wrote "ANY country that allows its financial institutions, businesses, airports, or government entities to provide any type of lifeline to Iran will itself face TREMENDOUS Economic Consequences." Treasury Secretary Scott Bessent added in an interview on...