Trump Administration Launches Major Economic Offensive Against Iran

The United States has initiated its most significant economic campaign against Iran, dubbed 'Operation Economic Outcast,' aiming to sever the country's financial connections and impose economic isolation. U.S. Treasury Secretary Scott Bessent detailed the offensive, which targets not only Iran but also entities, including those in China, that facilitate its financial dealings.

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We will end access to the dollar system for those who launder Iranian money.

The newly imposed sanctions encompass five key sectors: digital assets, technology, gold, aviation, and maritime transport. Bessent issued a stern warning, stating, "We will end access to the dollar system for those who launder Iranian money." He further cautioned those aiding Iran, "Do not test our resolve."

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Do not test our resolve.

Donald Trump, who had declared Iran was "completely collapsing," is reportedly contacting world leaders with specific demands to cease interactions with the Iranian regime. Bessent conveyed the U.S. stance with a wry smile, suggesting world leaders must "choose: either America or Iran." Countries have a defined period to cut economic ties with Iran, or they will face unilateral action from the Treasury Department.

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must choose: either America or Iran.

Iran's Foreign Ministry spokesperson, Esmaeil Baghaei, dismissed the offensive as an admission of defeat and vowed to counter the sanctions, acknowledging that Iranian civilians would suffer the most. He stated, "We will use all our resources to counter the economic sanctions." Meanwhile, Mohsen Rezaei, head of Iran's Supreme National Security Council, indicated that Iran might retaliate against U.S. allies in the Gulf, considering participation in the U.S. economic war as an act of war.

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We will use all our resources to counter the economic sanctions.