The U.S. has spent 20 years promising ‘crippling sanctions’ on Iran. But the latest effort comes with a reverse twist, after military action failed to accomplish President Trump’s goals.
The U.S. has spent 20 years promising ‘crippling sanctions’ on Iran. But the latest effort comes with a reverse twist, after military action failed to accomplish President Trump’s goals.
In announcing Operation Economic Outcast, the Trump administration said on Monday that it would involve choking off every last transaction that funnels money to Tehran.
Treasury Secretary Scott Bessent said the United States would “tighten the noose” around Iran by imposing sanctions on every source or facilitator of its revenue.
Analysts say Tehran could intensify the dispute militarily after the United States announced new efforts to squeeze Iran’s economy. One Iranian official vowed that “not a single drop of oil” would leave the gulf.
Analysts say Tehran could intensify the dispute militarily after the United States announced new efforts to squeeze Iran’s economy. One Iranian official vowed that “not a single drop of oil” would leave the gulf.
Motorists drive past an anti-American billboard in Tehran on Monday. President Trump has threatened Iran with “economic warfare and isolation on an unprecedented scale.”
Treasury Secretary Scott Bessent said last week that countries that continue to do business with Iran would face the “full might and force” of the U.S. government.
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