Trump Defends Iran War, Teases Major Economic Sanctions, Effective September 11

U.S. President Donald Trump declared on Thursday that he has no regrets about starting the Iran war, maintaining that decisive military action was essential to thwart Tehran's nuclear ambitions. Speaking during an interview stateside, Trump emphasized that letting Iran acquire nuclear capabilities would have posed an existential threat to Israel and global security.

The administration is concurrently ramping up financial pressure to isolate Iran from global economic networks. Treasury Secretary Scott Bessent announced that further sanctions targeting a major international bank will be rolled out to disrupt financial channels linked to the Iranian government.

'We're going to do it on Monday because we want to honor the memory of our fallen citizens on 9/11,' said Bessent during a media appearance, highlighting ongoing efforts to penalize overseas institutions that funnel billions to Tehran.

Financial markets are currently bracing for a prolonged conflict following reports that White House advisors have discussed scenarios where hostilities extend beyond the current presidential term. Despite concerns over rising market volatility and energy prices, Trump maintains that the conflict will reach a resolution around the upcoming midterm elections.

Washington has already moved against multiple foreign entities, including shutting down Dubai branches of a major Egyptian bank over illicit financial transfers and sanctioning a Turkish financial institution. These coordinated economic measures aim to systematically drain Tehran's remaining liquidity as military operations persist.