Global push to economically squeeze Iran and the IRGC
TL;DR Summary
US Treasury Secretary Scott Bessent told reporters after the G20 that allies will back a campaign to economically starve Iran and isolate the IRGC, calling Iran in “economic death throes” and framing it as Operation Economic Outcast; conversations with China were described as productive, though no deal was announced, and the US said it can proceed even without Beijing, including blocking Iran’s yuan-to-dollar conversions to starve the regime.
- Bessent: Iran in 'death throes,' US allies will support efforts to economically 'asphyxiate' IRGC jpost.com
- A Core Egyptian Bank Gets Caught Up in Treasury’s Iran Crackdown WSJ
- The looming failure of Operation Economic Outcast Al Jazeera
- Bessent warns Iran's outside backers to 'stay away' as Trump seeks to 'asphyxiate' Tehran's economy Fox News
- How long can Iran withstand economic siege by the US? The Times
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