Washington: (RightNow) U.S. President Donald Trump announces strict economic sanctions on Iran. He warns countries aiding Iran financially or commercially will face severe consequences.

In a Truth Social message, Trump states Iran was given a major deal opportunity, which it declined. He declares an economic war on Iran, aiming to isolate it globally.

President Trump further claims Iran’s navy and air force are destroyed, and military factories are in ruins. Iran’s currency value has significantly dropped.

He emphasizes stopping oil smuggling, financial exchanges, and other means, urging U.S. allies to help isolate Iran.

It is noteworthy that these economic measures aim to curb Iran’s global power use and support for terrorism. Iran’s nuclear weapon pursuits will also be hindered.