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Smaller Than Advertised
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THE BOMB THAT WASN’T
Treasury Secretary Scott Bessent unveiled what he called “Operation Economic Outcast” Monday, a new round of sanctions aimed at isolating Iran, after ten days of building anticipation around what he’d branded an “economic D-Day.” The reality landed smaller than the buildup. Bessent expanded secondary sanctions targeting five sectors, digital assets, technology, gold, aviation, and shipping, and said any entity helping Iran launder money would be removed from the US dollar…
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