With Sanctions and Tariffs, US Bets on Its Economic Power to Get What It Wants
The White House said the sanctions campaign targets Iran’s remaining oil revenue and includes secondary penalties for countries that keep buying its exports.
- On Monday, August 24, Treasury Secretary Scott Bessent announced 'Operation Economic Outcast,' targeting Iran's financial lifelines to sever revenue President Donald Trump claims the regime uses to fund violence.
- Mounting frustration over failed military strikes prompted this shift toward financial warfare, as the administration attempts to achieve objectives that previous airstrikes and diplomatic efforts could not secure.
- Bessent plans to blacklist nearly 60 Iran-linked entities and impose 'secondary sanctions' on trading partners, aiming to choke off revenue streams for the Islamic Revolutionary Guard Corps.
- Beijing denounced the measures on Tuesday, warning they 'will not help resolve the issue,' while Iran's currency plummeted to a record-low 2.02 million rials per dollar earlier this week.
- Washington's reluctance to target Chinese banks directly may limit the campaign's impact, as the administration faces pressure to demonstrate results without escalating to further military action.
12 Articles
12 Articles
Trump's New Sanctions on Iran Risk Strengthening its Government and harming US Credibility
By Bamo Nouri, City St George’s, University of London and Inderjeet Parmar, City St George’s, University of London (The Conversation) – The United States has announced its latest plan to put maximum economic pressure on Iran. Launching “Operation Economic Outcast” on August 24, the US treasury secretary, Scott Bessent, said the plan would involve the “toughest sanctions in history” against Iran. The US objective is ambitious. To economically iso…
This article was originally published on Cedarnews.net. For more exclusive news and reports, visit our website. In our review of the British press, we feature The Independent's opinion piece on Trump's new economic sanctions against Iran, and a warning from the Daily Mail to the Prime Minister about dealing with Russian threats. This news was published on the Cedarnews website. For more breaking news and exclusive reports, visit our official web…
US pivot from strikes to sanctions in Iran war shows lack of clear strategy, experts say
Despite the apparent success of the US’s blockade and sanctions campaign, Iranian officials have repeatedly expressed that they would not falter in maintaining control over the Strait of Hormuz.
With sanctions and tariffs, US bets on its economic power to get what it wants
The US has announced a new wave of sanctions on Iran and has promised to sanction any countries trading with it - including China. It also comes as the US deepens a trade war with its neighbour Canada.…
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