President Donald Trump has announced new economic sanctions against Iran. The president described the measures as an "ECONOMIC D-DAY" and urged allied nations to join in the effort. He warned that countries providing support to Iran would face significant economic consequences.

The president's announcement was made on social media, but he did not provide immediate details on the nature of the sanctions. He did specify that activities such as oil smuggling and cash transfers must stop.

Further information on the sanctions is expected to be available, but for now, specifics are limited to the president's social media statement.