Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

‘Operation Economic Outcast’: Why Trump’s ‘economic D-Day’ on Iran faces a tough test?

US Treasury Secretary Scott Bessent on Monday unveiled what he called ‘Operation Economic Outcast’, describing it as an ‘economic onslaught’ aimed at severing Iran’s financial links with the world.

‘Operation Economic Outcast’: Why Trump’s ‘economic D-Day’ on Iran faces a tough test?

The Trump administration has introduced a comprehensive new strategy dubbed "Operation Economic Outcast" to isolate Iran economically. Treasury Secretary Scott Bessent unveiled the plan, describing it as a formidable "economic onslaught" designed to sever Iran's financial ties with the global community. The administration aims to bring the "tyrannical regime" to its knees by eliminating every economic connection sustaining it, hoping Tehran would be left isolated.

However, the plan faces significant hurdles, as Iran has built a robust capacity to withstand sanctions over the years and maintains substantial trade ties, notably with China, complicating the implementation process. Despite these challenges, the strategy poses considerable diplomatic and economic risks for the US, as it could strain relationships with countries like China, India, and Russia, important trading partners of Iran.

Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Also reported by 5 other outlets

Read the original at livemint.com →

More in Finance & Markets

More from Monday 24 August →