August 27 , 2026
16 hrs 0 min
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- The United States launched “Operation Economic Outcast” to economically isolate Iran by targeting its financial and commercial networks.
- The US is targeting digital assets, technology, gold, aviation and shipping linked to Iran.
- The first phase includes sanctions against more than 60 entities, individuals and vessels.
- Secondary sanctions may penalise foreign businesses and banks that facilitate prohibited transactions with Iran.
- China is a major test of the campaign as it bought more than 80% of Iran’s shipped oil in 2025.
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