Trump’s ‘economic D-Day’ claims first victim: Not Iran, but US markets

United States President Donald Trump has threatened a crushing financial campaign against Iran, which he has referred to as “economic D-Day”, as the war on Tehran continues to drag on.But on Thursday, the first casualty appeared to be US markets.Recommended Stories list of 3 itemslist 1 of 3US Treasury secretary says new economic measures will ‘collapse’ Iranlist 2 of 3Walmart sees sales drop as US consumer spending retreatslist 3 of 3Houthis and government trade attacks as Yemen slides back to full-scale warend of listAs US crude oil nudged up from its Wednesday closing price of $86.20 per barrel to $86.70, the US stock market made its worst losses in three weeks. Meanwhile, the US announced its total debt has surpassed a record $40 trillion this week.Here’s what Trump has threatened and what the result has been so far.What did Trump threaten?In a post on Truth Social on Wednesday, Trump said Iran had “failed to take” the opportunity to make a deal, and would face “economic warfare and isolation on an unprecedented scale”.He also threatened new sanctions against any country that does business with Iran.“ANY country that allows its financial institutions, businesses, airports, or g...