US "economic war": USA wants to dry up Iran's sources of income
No deadline, no names, no countries: With drastic measures, US President Trump wanted to bring Iran to its knees. However, after an appearance by his Finance Minister, much remains unclear.
The US government has announced new sanctions against Iran as part of its "economic war" aimed at completely isolating Tehran from the global economy. The sanctions, part of Operation "Economic Outcast", target potential revenue sources of the Iranian Revolutionary Guard, focusing on digital assets, technology, gold, aviation, and shipping.
US Treasury Secretary Scott Bessent said the Treasury has identified and targeted all networks, intermediaries, and nodes used by Iran to smuggle oil and evade sanctions. The US is currently meeting with international partners to urge them to end cooperation with Tehran, warning of severe economic consequences for any country or institution that supports Iran.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
