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.
TL;DR
- 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.