Scott Bessent Unveils Operation Economic Outcast to Isolate Iran and End the Ongoing War
The administration announced a new sanctions campaign, dubbed Operation Economic Outcast, to sever every economic lifeline of the Iranian regime. U.S. Treasury Secretary Scott Bessent described the initiative as an 'economic D-Day,' aiming to isolate Tehran and force the reopening of the Strait of Hormuz. The operation expands secondary sanctions on entities and countries that transact with Iran, including new measures across digital assets, gold, aviation, and technology sectors. China has expressed firm opposition to these unilateral sanctions, warning that it will take all necessary measures to protect its interests. As the largest buyer of Iranian oil, Beijing faces potential pressure to align with the U. Secretary Scott Bessent noted that no nation is above the reach of U.S. sanctions, signaling potential retaliation for countries that refuse to cooperate. While some analysts suggest the direct impact on Iranian energy revenues may be limited in the short term due to China's continued trade, the administration remains committed to ending the Iranian threat through this unprecedented financial offensive.
Sources
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China warns it will safeguard its interests after US widens sanctions against Iran
BBC
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Iran vows to resist widened US sanctions, says Washington seeks talks
Reuters
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China Pushes Back After Trump Tightens the Screws on Iran
The New York Times
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Bessent announces campaign to create "economic onslaught" against Iran and its partners
CBS News
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Can Trump's economic war against Iran do what airstrikes and negotiations couldn't?
NPR