Iran War Day 183: Bessent Announces First New Sanctions for ‘Operation Economic Outcast’

State of the Union: Egypt’s Banque Misr was given 30 days before it is cut from the dollar system.

Treasury Secretary Scott Bessent announced Operation Economic Outcast on Aug. 24, a massive expansion of sanctions aimed at severing Iran's ties to the global economy by targeting the infrastructure used for evasion.

Foreign trade down 35% due to sanctions and blockade, says Iranian president

President Donald Trump threatened to bomb Oman if it “gets in the way” of American plans for the future of the Strait of Hormuz. Despite the threat, Iran and Oman announced that they are nearing an agreement to open and manage a single corridor through the strait. While this statement doesn’t address tolling, Muscat ha

Iranian President Masoud Pezeshkian says US sanctions and a blockade have cut the country's foreign trade by nearly 35%

The sanctions drive compounds the toll of the war on Iran’s economy, where annual inflation hit 66 per cent in July.

Annual inflation in Iran hit 66% last month, triggering concern among the leadership that more financial pain could spark unrest at home.

Iran lashes out at US sanctions amid economic toll at home  Reuters

Treasury Secretary Scott Bessent announced Friday that he is working to cut off bank branches in the UAE from the U.S. financial system.

The US Treasury Department announced additional targeted Iran-related measures.