Wednesday, August 26, 2026

US sanctions and economic pressure campaign against Iran

The United States launched a sweeping economic sanctions campaign against Iran, described by Treasury Secretary Scott Bessent as 'the single greatest financial offensive ever,' under the name 'Operation Economic Outcast.' The measures aim to sever Iran's financial connections globally and warn third-party nations and businesses that dealings with Tehran will result in secondary sanctions. Iran has declared itself prepared to counter the measures, while key trading partners China and Russia have rejected the US sanctions framework.