US campaign to cripple Iran's economy risks falling short without global partners, experts say
Washington Institute experts warn that the economic campaign on Iran needs stronger international sanctions coordination and counterterrorism cooperation to disrupt Iran's financial networks.
The US economic blockade against Iran, known as Operation Economic Outcast, is not as effective as hoped, according to analysis by experts at the Washington Institute for Near East Policy. To bolster efforts to weaken Iran's regime, greater cooperation between nations on sanctions is essential. The experts argued that the existing strategy of limited diplomatic actions has not produced the desired results in curbing Iran-linked terrorism.
The US and various international governments have previously accused Iran of plotting terrorist attacks, including targeting US assets and engaging in acts of terrorism across Europe, North America, Australia, and other regions. The US has also successfully pressured countries in Central and South America to impose sanctions on groups like the Islamic Revolutionary Guard Corps (IRGC), Hezbollah, and Hamas.
Nonetheless, the experts warned that sanctions alone are insufficient without the necessary resources, expertise, and capabilities to counter the multifaceted threats posed by Iran. They suggested that additional financial assistance from sources like the US government, along with targeted training and equipment for partners, could enhance the effectiveness of counterterrorism measures.
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