US Treasury sanctions on Iran’s trade partners
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
The United States has decided to suspend military strikes on Iran for now, according to US Secretary of State Marco Rubio's recent remarks to foreign counterparts. Instead, the country plans to apply economic pressure on Iran through initiatives such as Operation Economic Outcast, announced this week by US Treasury Secretary Scott Bessent.
This strategy aims to sever the remaining financial lifelines of the Iranian regime, with the goal of compelling Tehran to capitulate or face complete isolation. The US Navy has also cleared mines from the Strait of Hormuz, a strategic waterway that Iran previously controlled, giving the US control over the region. While the Trump administration's policy is set to last until after the US midterm elections on November 3, there is a possibility of a renewed military offensive if Iran strikes the US first.
The US State Department Spokesman Tommy Pigott emphasized that the Iranian economy is collapsing, and the regime's military has been significantly weakened. The administration has made it clear that Iran cannot possess a nuclear weapon and will employ all necessary measures to achieve this objective.
Written by urgent.news from Jerusalem Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
