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You are here: Home / Foreign Affairs / Trump’s ‘Economic D-Day’ for Iran Comes Last

Trump’s ‘Economic D-Day’ for Iran Comes Last

August 24, 2026 at 8:03 pm EDT By Taegan Goddard Leave a Comment

New York Times: “Ordinarily, Washington approaches a problem like dismantling Iran’s nuclear program with straightforward diplomacy. If that goes nowhere, officials mix in escalating economic sanctions, adding an element of coercion. Military action is a last resort, and only if the president determines that risking American lives is worth the possible benefit.”

“But Mr. Trump leaped from a brief round of diplomacy straight to bombing runs, meant to force the country to give up its stockpiles of 11 tons of enriched uranium — including a batch that was nearly bomb-ready — and perhaps collapse the government. The attacks failed at both objectives, at the cost of 18 American lives, hundreds or thousands of Iranians dead, and a price tag that independent analysts put at over $100 billion, though the Pentagon’s estimates are lower.”

“And only now are Mr. Trump and Mr. Bessent trying one more grand experiment, named Operation Economic Outcast, that the White House described as ‘an unprecedented campaign to sever every remaining economic lifeline sustaining the Islamic Republic of Iran.'”

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Filed Under: Foreign Affairs, White House

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About Political Wire

Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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