European Union joins U.S.-led 'Operation Economic Outcast' as Iran cries foul
Bessent said the bloc will help cut Tehran off from the dollar-based financial system as officials expand weekly sanctions on banks and traders.
- On Tuesday, Treasury Secretary Scott Bessent announced the European Union formally joined 'Operation Economic Outcast,' the U.S.-led sanctions campaign aimed at severing Tehran from the global financial system.
- The Trump administration launched this initiative in late August, targeting Iran's access to digital assets, gold reserves, and commercial aviation to apply additional economic pressure against the Islamic regime.
- U.S. Central Command reported on Friday that it redirected 87 commercial vessels to enforce blockade compliance, while China—Iran's largest trading partner—purchased around 90% of its sanctioned crude exports.
- Iran's foreign ministry spokesperson Esmail Baghaei blasted the European Union move on Tuesday, claiming the bloc had 'surrendered its sovereignty' to U.S. coercion and labeled the effort 'economic terrorism.'
- Bessent warned that countries aiding Tehran should 'expect to share in the isolation of a withering regime,' announcing plans to impose secondary sanctions on banks facilitating Iran-related transactions.
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14 Articles
EU officially joins US-led 'Operation Economic Outcast' against Iran, says Treasury Secretary Scott Bessent
US Treasury Secretary Scott Bessent's comments followed the EU's announcement that it was ready to back further economic pressure on Iran, including support for the US-led operation, while emphasising the importance of sustained diplomatic engagement and efforts toward de-escalation.
The EU joins the operation to exert economic pressure on Iran, announced the head of the US Ministry of Finance, Scott Bessent.
EU joins US-led "Operation Economic Outcast" against Iran; Tehran calls it "economic terrorism"
EU joins US-led "Operation Economic Outcast" against Iran; Tehran calls it "economic terrorism" The European Union formally joined the US-led "Operation Economic Outcast" sanctions campaign against Iran, Treasury Secretary Scott Bessent announced Thursday, praising the bloc's "strong and early stance" Brussels said in an August 31 statement it supports efforts to counter Iran's "destabilizing activities" and encourage a return to peace talks thr…
The EU has officially joined the US economic pressure campaign against Iran, dubbed “Operation Economic Outcast”, according to US Treasury Secretary Scott Bessant. In a post on the X platform, Scott Bessant expressed his satisfaction with the stance taken by the European Union, noting that the United States appreciates the “strong and timely stance” of its European allies.
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