EU backs US-led economic campaign to pressure Iran
US Treasury Secretary Scott Bessent on Thursday (local time) said that the European Union has "officially joined" the US-led "Operation Economic Outcast" against Iran, welcoming what he described as the bloc's strong and early stance in maintaining economic pressure on Tehran as the West Asia conflict continues.
The European Union has officially endorsed the US-led Operation Economic Outcast, a campaign aimed at tightening economic sanctions on Iran, according to US Treasury Secretary Scott Bessent. Bessent praised the EU's "strong and early stance" in maintaining pressure on Tehran, emphasizing that the world is sending a clear message to the Iranian regime that all financial lifelines will be severed.
Bessent's remarks followed the EU's announcement that it was prepared to support additional economic pressure on Iran through Operation Economic Outcast. The EU had already adopted extensive sanctions aimed at preventing Iran from using the global economy and financial system to sustain its hostile actions and undermine international security. The bloc stressed the need for continued diplomatic efforts to reach a peace settlement, restore regional stability, and ensure freedom of navigation through the Strait of Hormuz.
The US and EU remain committed to working together with other G7 and international partners to maintain economic pressure on Iran while also calling for diplomacy and de-escalation in the region.
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