Treasury Secretary Scott Bessent announced a slew of sanctions against Iran, dubbed “Operation Economic Outcast,” on Monday at the Treasury Department.
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The sweeping sanctions are meant to cut Tehran off from global engagement by targeting third-party nations and entities. Some sectors include digital assets, gold, aviation, technology, and shipping.
The sanctions are part of a broader campaign to pressure Iran into opening the Strait of Hormuz, a key waterway in the global energy trade.
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[ H/T Washington Examiner ]
