Trump’s ‘economic D-day’ against Iran risks driving the stakes even higher | Sina Toossi
As with its approach to Hormuz, the US has mistaken applying pressure for an actual strategy. But Tehran has chips of its own to play Donald Trump has found a new way to promise victory over Iran. After months of war have failed to force Iran’s capitulation or collapse, his administration has unveiled what the US Treasury secretary, Scott Bessent, calls Operation Economic Outcast: an effort to…
The recent escalation between the United States and Iran, reminiscent of the situation at Hormuz, has some drawing parallels to World War II. Donald Trump has proposed what his Treasury Secretary, Scott Bessent, refers to as "Operation Economic Outcast". The strategy aims to isolate Iran economically, compelling foreign governments, banks and companies to halt financial dealings with Tehran.
This approach stems from the fact that Iran's economy has been significantly weakened by years of sanctions, a prolonged naval blockade and warfare. It's acknowledged that Iran's oil exports and access to foreign currency have been severely hampered. The Iranian populace is already grappling with high inflation, devaluation of currency and a deteriorating quality of life.
The US administration believes that further economic pressure could exacerbate these issues, potentially driving the situation to a critical juncture.
Written by urgent.news from The Guardian US's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
