The Trump administration is escalating economic pressure on Iran with “Operation Economic Outcast,” threatening to cut off global partners from the U.S. financial system if they continue doing business with Tehran. Treasury Secretary Scott Bessent warns Iran has a final chance to rejoin the international economy or face severe isolation, expanding sanctions and eliminating key exemptions. This aggressive economic strategy, aimed at ending a six-month war impacting global energy markets, could heighten tensions with China — a major Iranian oil buyer — as Washington moves to target Chinese entities facilitating Iran’s trade. With midterm elections looming, the administration is betting that economic leverage can replace diplomacy and military action in reshaping regional dynamics.
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