The Trump administration is shifting its Iran strategy from the Pentagon to the Treasury Department, with Treasury Secretary Scott Bessent leading Operation Economic Fury, described as the financial equivalent of a bombing campaign. The initiative aims for the most extensive economic isolation of Iran in history, with secondary sanctions threatening financial institutions in China, Hong Kong, the UAE, and Oman. Iran’s economy is already strained by persistent inflation and fuel shortages, and the approaching ceasefire expiration date around August 2026 adds urgency to the strategy.
Source: Read the original article
