Trump unleashes 'economic warfare' against Iran, targeting global backers

President Donald Trump announces a sweeping 'economic warfare' campaign against Iran, pledging severe penalties on any country or entity aiding Tehran as part of 'Operation Economic Fury' and outlining channels to shut down—oil smuggling, currency swap lines, cash transfers, exchange houses, ship registries, and front companies—aimed at crippling Iran’s revenue streams and preventing a nuclear accord; Iran denounces the move, the UAE suspends trade with Tehran, and stock futures move only marginally on the news.