U.S. Treasury Secretary Announces "Operation Economic Outcast" Against Iran

U.S. Treasury Secretary Scott Bessent announced "Operation Economic Outcast," an unprecedented campaign to use economic tools to pressure Iran, aiming to reopen the Strait of Hormuz and end the ongoing conflict. The campaign targets Iran and its enablers, with Bessent stating that no one is beyond the reach of U.S. sanctions, including Chinese banks financing Iranian oil imports.