President Trump's announcement on Wednesday that he was launching an "Economic D-Day" on Iran has been met with a combination of bluster and panic in Tehran. 

Kenneth R. Timmerman | August 22, 2026

President Trump's announcement on Wednesday that he was launching an "Economic D-Day" on Iran has been met with a combination of bluster and panic in Tehran.  The IRGC is huffing and puffing as usual, claiming they will cut undersea cables and isolate the Arab Gulf states from the Internet, shutting down the banking system in the region. One wag even suggested that brave Revolutionary Guards soldiers, whose claim to battlefield glory is to slaughter innocent children in the streets of Iranian cities, would invade Kuwait to seize U.S. bases there. I know a few former specops guys who are licking their chops. Count me in!  On Friday, Iran's lead negotiator, former IRGC Air Force Commander Mohammad Baqr Qalibaf, told an audience at the Iranian embassy in Baghdad that the regime would go down if it couldn't get the economy back on its feet. “No matter how much military power we have, if people are hungry and we don't have financial circulation, economic growth, and domestic production, we will not endure,” he said. The economic desperation is hard to hide. Ordinary Iranians gave up meat months ago, and now they are also giving up poultry and eggs, which are up 130%. Inflation reached 66% for the month of July. The semi-official Iran Labor News........

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