US rolls out 'Economic Outcast' plan to cut Iran off from global finance

Treasury Secretary Scott Bessent unveiled a broad sanctions drive called 'Operation Economic Outcast' aimed at severing Iran from the global financial system by closing loopholes and widening secondary sanctions, pressuring fellow governments and banks to cut Tehran off from oil revenue. The plan comes amid a stalled conflict, threats from Tehran, and disruptions around the Strait of Hormuz, with critics noting sanctions have mixed results and no clear deadline has been set.