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US slaps new sanctions on networks aiding Iran’s proxies in Middle East
- On Thursday, the Treasury Department announced new sanctions targeting Hezbollah and Kataib Hezbollah, which Treasury Secretary Scott Bessent said aims to isolate Iran economically as part of Operation Economic Outcast.
- Operation Economic Outcast, first announced August 24, aims to cut revenues Tehran uses to fund the war and build missiles, while Treasury maintains the policy until Iran stops obstructing the Strait of Hormuz.
- Iranian oil loadings dropped to about 0.2 million barrels per day from 1.8 million in January, while the Iranian rial depreciated by about 30% against the US dollar since the war began.
- Brett Erickson, managing principal with Obsidian Risk Advisors, argued the sanctions have only "marginal impact" on Iran's hard currency movement, noting they target Hezbollah but miss the "far more consequential" Iran-aligned Houthis.
- The ongoing war threatens President Donald Trump's approval ratings and Republican Party control of Congress, as Iran-aligned Houthis seized Yemen's port of Mocha on Thursday, advancing down the Red Sea coast.
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32 Articles
32 Articles
Today, Thursday, the United States Department of the Treasury announced new sanctions against entities supporting Iran's allies in the Middle East, as part of Operation Economic Disruption.
·Syrian Arab Republic (the)
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Al Arabiya+2 Reposted by 2 other sources
US slaps new sanctions on networks aiding Iran’s proxies in Middle East
·Riyadh, Saudi Arabia
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Total News Sources32
Leaning Left2Leaning Right6Center2Last UpdatedBias Distribution60% Right
Bias Distribution
- 60% of the sources lean Right
60% Right
L 20%
C 20%
R 60%
Factuality
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