Times of India·3 min read·medium

'Operation Economic Outcast': EU joins Trump's campaign to squeeze Iran

A
ABHISHEK MISHRA
'Operation Economic Outcast': EU joins Trump's campaign to squeeze Iran
AI Summary

The European Union has officially joined the US-led 'Operation Economic Outcast' to increase economic pressure on Iran. The coalition aims to restrict Iran's financial access to prevent the funding of nuclear and ballistic missile programs.

Why it matters

This represents a significant escalation in Western diplomatic and economic alignment against Iran's regional and military activities.

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US treasury secretary Scott Bessent on Thursday said the European Union has thrown its weight behind Donald Trump's strong economic campaign against Iran, claiming the bloc has "officially joined" the US-led "Operation Economic Outcast"."The European Union has officially joined Operation Economic Outcast and we appreciate their strong and early stance," Bessent said in a statement on X.The announcement came as the EU signalled that it could support further economic measures against Tehran, while making clear that diplomatic efforts and de-escalation must continue alongside the pressure campaign."The United States stands firm with our allies in ensuring the murderous Iranian regime cannot exploit the global financial system to fund its nuclear ambitions, weapons programs, and terror proxies.

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