Bessent Launches 'Operation Economic Outcast' to Isolate Iran Amid Stalemate
Treasury Secretary Scott Bessent unveiled 'Operation Economic Outcast,' a new wave of secondary sanctions aimed at severing Iran’s global financial ties. The move targets entities facilitating Iranian oil trade, including potential Chinese banks, as the US seeks to end the conflict through economic pressure after military efforts stalled. Iran has vowed retaliation, while China resists US pressure to cut ties.