Trump Trusts Treasury to End the Iran War
The Pentagon may have ceased its offensive in Iran for now, but the latest front in President Donald Trump’s war on the dictatorship is global. In what Treasury Secretary Scott Bessent has branded “economic D-Day” for Iran, the Treasury Department is launching a sweeping sanctions regime targeting not the long-ostracized regime, but rather the third parties who continue to trade with Tehran.
The Treasury Department has initiated a broad sanctions regime, dubbed “Operation Economic Outcast,” targeting third parties that trade with Iran. This strategy aims to isolate Iran economically by pressuring its trading partners, with China identified as the primary target due to its significant oil imports from Iran. The operation intends to disrupt China’s oil arbitrage, which benefits from discounted Iranian oil.
- The US Treasury is implementing a global sanctions regime against Iran’s trading partners, termed ‘Operation Economic Outcast’ or ‘economic D-Day’.
- This strategy targets third parties, not Iran directly, to isolate the regime economically.
- China is the top target, having previously imported a significant amount of Iranian oil.
- The operation aims to disrupt China’s oil arbitrage, where it profits from discounted Iranian oil at Shandong’s refineries.
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