European Union joins U.S.-led 'Operation Economic Outcast' as Iran cries foul
Scott Bessent said the bloc will help sever Tehran’s financial lifelines as Washington expands secondary sanctions and targets banks, shipping and trade ties.
- On Tuesday, Treasury Secretary Scott Bessent announced the European Union formally joined 'Operation Economic Outcast,' the U.S.-led sanctions campaign aimed at severing Tehran from the global financial system.
- The Trump administration launched this initiative in late August, targeting Iran's access to digital assets, gold reserves, and commercial aviation to apply additional economic pressure against the Islamic regime.
- U.S. Central Command reported on Friday that it redirected 87 commercial vessels to enforce blockade compliance, while China—Iran's largest trading partner—purchased around 90% of its sanctioned crude exports.
- Iran's foreign ministry spokesperson Esmail Baghaei blasted the European Union move on Tuesday, claiming the bloc had 'surrendered its sovereignty' to U.S. coercion and labeled the effort 'economic terrorism.'
- Bessent warned that countries aiding Tehran should 'expect to share in the isolation of a withering regime,' announcing plans to impose secondary sanctions on banks facilitating Iran-related transactions.
45 Articles
45 Articles
US claims EU joined new Iran sanctions push, yet Brussels only endorsed it
US Treasury Secretary Scott Bessent has declared that the European Union formally joined Washington's campaign to sever Iran from the global financial system. Yet a Brussels statement issued at this week's G20 finance meeting in fact stops well short of that.
Trump turns to a dual economic and military approach in latest attempt to squeeze Iran – WTOP News
WASHINGTON (AP) — Confronted by an intransigent Iranian government that has refused to back down in the face of a massive military campaign, President Donald Trump appears to have settled on a dual-prong approach that combines economic pressure with the potential of a devastating escalation in force. Having launched “Operation Economic Outcast” just last week...
United States Treasury Secretary Scott Bisnet announced today the formal accession of the European Union to Operation Economic Disruption against Iran, commending the European position in support of American actions aimed at increasing economic and financial pressure on Tehran.
Secretary of the U.S. Treasury ensures that the European Union has officially joined the U.S. economic pressure campaign against Iran. Russia is again attacking Odessa and Dnipro in Ukraine.
The European Union has officially joined the US economic pressure campaign in Iran, the so-called "Operation Economic Outcast."
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