Friday, 28 August 2026 | Lusaka, Zambia | All times CAT
Updated 15 minutes ago Topics Journalists Our network Advertise
Lakatips Sourcing the truth from every corner of Zambia
Just in

Politics

U.s. Launches “Economic Pariah” Operation to Target Iran

Treasury Secretary Scott Bessent has announced the launch of “Operation Economic Pariah,” a sweeping campaign aimed at cutting off Iran’s remaining economic lifelines and intensifying pressure on Tehran. Bessent warned that “no one, including China, is beyond the reach of U.S. sanctions,” signaling that Washington…

U.s. Launches “Economic Pariah” Operation to Target Iran

Picture: Zambian Observer

U.S. LAUNCHES “ECONOMIC PARIAH” OPERATION TO TARGET IRAN

U.S. Treasury Secretary Scott Bessent has announced the launch of “Operation Economic Pariah,” a sweeping campaign aimed at cutting off Iran’s remaining economic lifelines and intensifying pressure on Tehran.



Bessent warned that “no one, including China, is beyond the reach of U.S. sanctions,” signaling that Washington is prepared to target countries and entities that continue conducting business with Iran



> “Any economic engagement of any kind with Iran will expose those involved to the full weight of American power,” Bessent said.

According to the Treasury secretary, countries and companies will have a limited period to terminate activities identified by the U.S. government, including measures targeting Iranian banks and their overseas branches.



Bessent also said President Donald Trump is personally contacting world leaders with specific demands that they end or significantly reduce their economic interactions with Iran.



The campaign represents a major escalation in Washington’s “maximum pressure” strategy, with China potentially emerging as a key point of confrontation because of its extensive economic ties with Tehran.

Source: Zambian Observer — Read the original article

More to read

All Politics →

Mundubile, Zulu in custody over alleged treason

OPPOSITION leaders Brian Mundubile and Makebi Zulu are in police custody after police recorded warn and caution statements from them in connection with an alleged offense of treason. Police spokesperson Godfrey Chilabi said the statements were taken in connection with an alleged violation of Section…

Mwebantu 1 min read