- "ECONOMIC D-DAY"
President Trump is out with a Truth Social post describing today as "ECONOMIC D-DAY" against Iran, declaring that his total economic war against Tehran will be the "MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY."
Trump said that with Tehran's military and military-industrial base reduced to "now rubble" and its "currency worthless," he will unleash severe economic consequences against "ANY country that allows its financial institutions, businesses, airports, or government entities to provide any type of lifeline to Iran."
Many of things Trump said were outright lies.
It seems Trump has backed the US into a Catch 22 that will result in Big repercussions!
Last week, Derek Holt, head of Capital Markets Economics at Scotiabank in Toronto, offered clients a preview of what the campaign to economically isolate Iran could look like (view here), including the potential targeting of China. Notably, much of Iran's crude exports flow to Chinese buyers.
UAE Cuts Ties As Iran Warns Gulf States Against Helping Washington; Kpler Says US Navy Gaining Ground In Hormuz
Iran's parliament speaker Mohammad Bagher Ghalibaf is visiting Baghdad while at the same time US Secretary of State Marco Rubio has spoken UAE National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan to discuss the Hormuz situation and security. Except of course the two sides aren't talking with each other.
President Trump has made clear that no talks are on, and that none are scheduled, as he's been floating a 'new' strategy to 'strangle' the Iranian economy over the long term. CNN reported Tuesday that White House officials have recently communicated that they are shifting their strategy — going from "hammer Iran ASAP" to "strangle them" over time.
Get Ready to ride this out for a long Haul, with the pain hitting your bank account the hardest~
Learn More-
https://www.zerohedge.com/geopolitical/uae-cuts-ties-iran-warns-gulf-states-against-helping-washington-kpler-says-u
