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US launches ‘Operation Economic Outcast’ to isolate Iran
The United States has launched ‘Operation Economic Outcast,’ a major economic offensive aimed at isolating the Iranian regime by cutting off its financial lifelines. US Treasury Secretary Scott Bessent stated the strategy seeks to ‘crush’ the Iranian economy through a combination of naval and economic blockades, targeting over 60 entities, including Chinese companies suspected of facilitating Iran's nuclear and missile programs.
China has formally rejected the sanctions, arguing they lack a basis in international law and a UN Security Council mandate. Beijing has warned that it will take all necessary steps to protect its interests and trade with Iran, which continues to export significant volumes of oil, with China importing over 500,000 barrels per day as of August.
This economic escalation follows six months of military conflict involving the US and Israel. While US Central Command maintains that the Strait of Hormuz remains open, the conflict has caused significant regional instability and spiked oil prices. Domestically, the ongoing war and rising living costs have contributed to a decline in President Trump's approval ratings from 40 percent to 33 percent.
Entities
China · Donald Trump · Iran · Scott Bessent · United States
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] President Trump's approval rating in the US has fallen from approximately 40 percent to 33 percent since the conflict began. www.document.no
- [○ 1 SOURCE] The Strait of Hormuz remains open despite the economic and military pressure on Iran. www.sbctv.gr
- [● 3 SOURCES] The US has launched ‘Operation Economic Outcast’ to isolate Iran's economy. inyheter.no · economytoday.sigmalive.com · www.sbctv.gr
- [○ 1 SOURCE] The new sanctions target more than 60 entities, including Chinese companies facilitating Iranian nuclear and missile technology. economytoday.sigmalive.com
- [○ 1 SOURCE] China imported more than 500,000 barrels of Iranian oil per day as of August. economytoday.sigmalive.com
- [○ 1 SOURCE] China rejects US sanctions on Iran, stating they lack a basis in international law and a UN Security Council mandate. inyheter.no