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At close · Fri, Aug 14, 2026
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HomeGlobal MarketsTrade & TariffsTrump announces economic warfare on Iran, warns of con…

Trump announces economic warfare on Iran, warns of consequences

CNBC reports that Trump announced an “economic warfare” campaign targeting Iran and said it could bring “tremendous” consequences for those he called Iran’s backers.

The announcement extends a pressure effort Trump’s administration has been running since April, according to CNBC, under the banner “Operation Economic Fury.”

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