US Sanctions Iran to Strangle Iran's Economy

The US Treasury Secretary announced "Operation Economic Outcast" to sever Iran from the global economy, targeting cryptocurrency, weapons, gold, aviation, and shipping sectors. Sanctions were placed on 60 entities across China, Hong Kong, Singapore, and the UAE, with violators excluded from the dollar system. Treasury Secretary Bessent stated the goal is to cut all economic lifelines until Tehran isolated, with President Trump contacting foreign leaders for support. The sanctions aim to fill financial system gaps, with no explicit deadline or targets named, but emphasizing action over patience. Experts question whether China's banks face penalties, with US officials suggesting this economic approach ahead of November elections, while military strikes remain possible. The strategy's success depends on enforcing sanctions against Chinese private refineries and major banks.