U.S. Warns Nations to Sever Financial Ties with Iran as New Sanctions Are Announced

U.S. Treasury Secretary Scott Bessent announced a new round of sanctions aimed at Iran, warning every country that does business with the Islamic Republic to cut financial ties or face U.S. retaliation. This move, dubbed 'Operation Economic Outcast,' aims to block all potential revenue sources for Iran, following weeks of impasse and Iran's continued grip on the Strait of Hormuz, a vital oil trade route.