Treasury’s ‘Operation Economic Outcast’ Delivers Warning to China, Iran’s Global Enablers
The campaign includes secondary sanctions on oil, shipping and cryptocurrency trade as China buys more than 80% of Iran’s oil, officials said.
- On Monday, Treasury Secretary Scott Bessent announced "Operation Economic Outcast," imposing secondary sanctions on Iran's oil, shipping, cryptocurrency, gold, and aviation industries.
- Iran faces intense economic pressure as the rial dropped to a record low of nearly 2 million to the dollar, while a United States naval blockade since June has severely limited trade.
- China remains Iran's largest trading partner, purchasing over 80% of its oil, while associate professor Nicholas Mulder of Cornell University noted that four of the 10 largest global banks are Chinese.
- Bessent is concurrently working to stabilize United States sovereign debt by reducing Treasury yields, attempting to maintain the attractiveness of American government debt amid rising market concerns.
- Recent disputes over drone exports and tariffs suggest the United States-China trade truce is unraveling, as President Trump plans to meet the Chinese premier next month.
18 Articles
18 Articles
US sanctions Chinese firms trading with Iran
The US Department of the Treasury launched targeted sanctions against some 24 entities based in mainland China or Hong Kong as part of its “Operation Economic Outcast” campaign against Iran and its enablers. See below for the original announcement: US Treasury sanctions by scmp
Following the military attacks, America is now launching economic attacks on Iran and that country's trading partners. But what becomes of this in practice, and what is the actual impact of the ‘Operation Economic Outcast’ announcements?
Trump Is Starting An Economic War with Iran Using Sanctions as a ‘Sledgehammer’ and China Is Going to Feel the Pain
The Trump administration’s threat to inflict secondary sanctions on countries engaging with Iran has prompted outrage in Beijing. On Monday, Treasury Secretary Scott Bessent unveiled “Operation Economic Outcast,” a campaign to isolate Iran from the global financial system. Such a shake-up comes as peace talks have ground to a halt, almost six months into the conflict. Donald Trump speaking with supporters at a campaign rally at the Prescott Vall…
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NationofChangeU.S. Threatens New Economic War on Iran by Targeting China & Tehran’s Other Top Trading Partners
The Trump administration has announced unspecified plans to further tighten sanctions on Iran, threatening other countries, including China, in the process. We speak to sanctions expert Nicholas Mulder about what he calls the “rhetorical” and “psychological warfare” of the announcement. For Iran, says Mulder, the announcement was not “really materially all that meaningful. And to the extent that they are, they hurt ordinary Iranians and not the government.” The impact on the U.S. relationship
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