US sanctions plan puts China's Iran oil ties in crosshairs
The united states has rolled out a sweeping new sanctions initiative aimed at cutting Iran off from the global financial system, warning that any country or entity facilitating Tehran's oil trade, banking, or shipping activities could be targeted wit
August 25, 2026 (MLN ): The united states has rolled out a sweeping new sanctions initiative aimed at cutting Iran off from the global financial system, warning that any country or entity facilitating Tehran's oil trade, banking, or shipping activities could be targeted with secondary sanctions. Treasury Secretary Scott Bessent unveiled the scheme, branded "Operation Economic Outcast," at a press briefing in Washing...