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European Union joins U.S.-led 'Operation Economic Outcast' as Iran cries foul
Bessent said the bloc’s support will help cut Tehran off from global finance as the campaign expands with new secondary sanctions on banks.
- 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.
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·Amsterdam, Netherlands (Kingdom of the)
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United States Secretary of the Treasury Scott Bisnet commends the European Union's accession to Operation "Economic Outcast," but the volume of trade between the Union and Tehran raises questions about the effectiveness of this step.
Coverage Details
Total News Sources70
Leaning Left6Leaning Right17Center6Last UpdatedBias Distribution58% Right
Bias Distribution
- 58% of the sources lean Right
58% Right
L 21%
C 21%
R 58%
Factuality
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