Iran War Escalation: Sanctions, Oil Crisis, and Shrinking Global Support

The US has launched what it calls "Operation Economic Outcast," targeting all of Iran's revenue streams with what Treasury Secretary Scott Bessent bills as "the single greatest financial offensive ever marshalled against an adversary." In response, Tehran has declared any country cooperating with these new sanctions is committing an "act of war." The UAE, Iran's largest Middle East trading partner, has already severed all trade ties—a move Iran believes was...