Trump's new Iran strategy targets financial lifelines but faces China hurdle

President Donald Trump announced a new "economic D-Day" strategy for Iran on Monday, reversing his earlier approach of military force to coerce Tehran into abandoning its nuclear program. The plan, named Operation Economic Outcast, aims to sever all financial lifelines to Iran, including digital transactions, oil transfers, and gold movements. Treasury Secretary Scott Bessent leads the effort, which follows failed bombing runs that cost 18 American lives and over $100 billion. The strategy faces major hurdles, particularly China's purchase of over 80% of Iran's oil exports in 2025. Sanctions history shows limited success, as Iran maintained oil shipments despite past pressure, and the nuclear material remains in place after the June 2025 strikes.