The United States is shifting its approach in the ongoing conflict with Iran, launching “Operation Economic Outcast” to impose tougher sanctions aimed at crippling Tehran’s revenue sources. U.S. Treasury Secretary Scott Bessent emphasized that banks and businesses engaging with Iran will face penalties. As tensions rise, Gulf states are caught in a precarious position, balancing their security ties with the U.S. against the threat of Iranian retaliation, particularly concerning oil exports through the Strait of Hormuz.
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