Six Months of War: Where Things Stand with the US and Iran
The Treasury launched Operation Economic Outcast to sever Iran’s remaining financial links as oil exports fall below 500,000 barrels a day, officials said.
- Friday marks six months since the United States and Israel launched military strikes on Iran, as President Donald Trump pivoted the administration's strategy from military action to aggressive economic measures.
- Washington branded the broader effort 'Economic Fury'; on August 24, the Treasury launched Operation Economic Outcast, an expanded campaign aimed at severing Iran's remaining financial links with the outside world.
- Iran's oil exports have fallen below half a million barrels a day, while inflation approaches 90 percent; conflict-related disruptions pushed U.S. gas prices from $2.98 to $4.09 per gallon, according to AAA.
- President Trump told reporters on Thursday, 'The Strait is open.' The Strait of Hormuz, through which 20% of the world's oil passes, remains a primary sticking point despite limited traffic.
- Two officials told the Associated Press that the U.S. military is experiencing a 'beyond critical' shortage of advanced missile interceptors in Europe, though the Pentagon denies the claim; concerns among NATO allies persist about defending against Russian attacks.
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36 Articles
This Friday marks six months of the war between the U.S. and Israel against Iran, a conflict that has shifted from arms to extreme economic sanctions against the Islamic Republic. The conflict began on February 28 with the attacks of the two countries against the nation in the Middle ... Continue reading "Six months of the war in Iran: the conflict that went from arms to economic sanctions" The post Six months of the war in Iran: the conflict th…
Al-Monitor
US issues fresh Iran-related sanctions as war marks six months
By Daphne Psaledakis and David LawderWASHINGTON, Aug 28 (Reuters) - The United States issued additional targeted Iran-related sanctions on Friday after Treasury Secretary Scott Bessent earlier this week threatened further action six months into Washington's ongoing war with Iran.The Trump administration plans to impose limits on an Egyptian bank for doing business with Tehran and revoke U.S. financial access to Banque Misr’s branches in the Unit…
On February 28, a first Israeli-American strike had plunged the country into a high-intensity conflict. Despite Donald Trump's overwhelming announcements, the regime is still in place six months later, and negotiations are stalled.
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