middle east

The US escalates economic warfare against Iran with 'Operation Economic Outcast', targeting all revenue sources. Iran and Oman agree a temporary Strait of Hormuz route but condition reopening on US commitments. The Netherlands faces Israeli retaliation over settlement trade ban while expanding its security services to counter Iran, Russia, and China — developments that affect European energy security and NATO's focus on Ukraine.

The US has launched 'Operation Economic Outcast', targeting all Iranian revenue streams with secondary sanctions. Iran is betting on global economic fallout and Trump's low approval ratings to force a retreat, while exploring an Oman-brokered shipping corridor through the Strait of Hormuz.

The US announces 'Operation Economic Outcast' to cut all Iranian revenue streams, while Iran and Oman discuss a temporary Strait of Hormuz shipping corridor. Public support for the war in the US has fallen to 31%, and the conflict is straining American military commitments in Asia.

US Treasury Secretary Scott Bessent announced a global economic campaign targeting all Iranian revenue sources, including oil. The move escalates the Trump administration's 'maximum pressure' strategy as US public support for the Iran war falls to its lowest level.

US Treasury Secretary Scott Bessent has announced a global economic pressure campaign against Iran, vowing to cut off all revenue sources including oil. The Trump administration warns facilitators to stop doing business with Tehran, but analysts doubt the measures will change Iran's behaviour given its sophisticated evasion networks.