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The Treasury Department identifies Dubai, Istanbul, and Baghdad as critical channels for Iran's money in Operation Economic Outcast.

The Treasury Department launched Operation Economic Outcast on Monday to reduce Iran's remaining income. The department's opening move suggests that Washington views Dubai, Istanbul, and Baghdad as the primary channels for Tehran's money, rather than Beijing. This strategic shift indicates a focus on the primary trade and financial hubs that facilitate Iran's economic reach. By targeting these specific cities, the administration aims to squeeze the economic power of Iran more effectively than by focusing solely on the major Chinese market. By identifying these key hubs, the administration is streamlining its approach to the investment and trade routes that sustain Iran's economy.

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