US Readies Global Sanctions Wave to Isolate Iran's Economy

The United States unveiled a broad sanctions push targeting Iran’s global trade network—shipping, oil, crypto, gold and aviation—sanctioning nearly 60 entities and threatening to remove illicit money flows from the dollar system as part of an effort to sever Iran’s economic lifelines. Washington says it will pursue “quiet diplomacy” with partners, while the UAE has already ended Iran trade; however, analysts warn the impact depends on cooperation from major powers like China, India and Russia, and the conflict’s costs have already been borne by both sides.