US President Donald Trump said Wednesday he was launching a major new campaign to target Iran's economy. US President Donald Trump said Wednesday he was launching a major new campaign to target Iran's economy, threatening "tremendous" punishment on any country that helps or does business with the Islamic republic.President Donald Trump speaks at the White House Correspondents' Association dinner at the Waldorf Astoria Washington DC, Friday, July 24, 2026, in Washington. (AP Photo/Mark Schiefelbein)The intensified economic pressure campaign comes as the war nears its sixth month with no immediate diplomatic or military off-ramp in sight and the vital Strait of Hormuz still significantly choked-off.Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs.
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