Business

Trump announces 'economic warfare' on Iran, threatens ‘tremendous’ consequences for its backers

CNBC · August 19, 2026 at 7:25 PM

Trump announces 'economic warfare' on Iran, threatens ‘tremendous’ consequences for its backers

The announcement extends a pressure campaign the Trump administration has waged since April under the banner Operation Economic Fury.

Read the full article on CNBC ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.cnbc.com — the content belongs to CNBC.

Trump announces 'economic warfare' on Iran, threatens ‘tremendous’ consequences for its backers

More from CNBC

Hurricane Trudy approaches Mexico coast as Typhoon Champi threatens Guam

Semiconductor market to remain solid ‘at least through next year,’ South Korea finance minister says

Investors are buying up vast tracts of timberland across U.S. in one of market's longest-term bets

AI stocks plunge. Inflation heats up. Where we're still finding opportunities

More in Business

Fake shopping sprees and ‘happiness insurance’: The latest fintech apps reveal our financial anxieties

Investing, not homeownership, is the No. 1 milestone that makes Gen Z renters feel successful

Is Apple’s foldable iPhone Duo worth $2,000? See how it stacks up against other foldable phones.

My 2 friends and I had babies within 3 weeks of each other after 25 years of friendship. Our group chat became a lifeline.

Alberta has the world’s fourth-largest oil reserves and sends 90% of its crude exports to the U.S. — It will vote on a first step to leaving Canada

I lived in LA for 20 years. It took moving my 3 kids to a small Arizona town to find what I'd been missing.