Operation Economic Outcast needs an off-ramp, not just a noose
Summary
Treasury Secretary Scott Bessent announced Operation Economic Outcast on August 24. This operation expands sanctions to cut off Iran’s connections to the global economy by targeting systems used to avoid existing sanctions.Key Facts
- The operation is called Operation Economic Outcast.
- It was announced on August 24 by Treasury Secretary Scott Bessent.
- The goal is to block Iran’s ties to the global economy.
- It focuses on the infrastructure used to evade sanctions.
- The operation represents a major increase in sanctions efforts against Iran.
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