{"id":16552,"date":"2026-08-29T16:10:49","date_gmt":"2026-08-29T13:10:49","guid":{"rendered":"https:\/\/newsfire.gr\/en\/?p=16552"},"modified":"2026-08-29T16:10:49","modified_gmt":"2026-08-29T13:10:49","slug":"trump-trusts-treasury-to-end-war-diplomacy-cannot-solve","status":"publish","type":"post","link":"https:\/\/newsfire.gr\/en\/trump-trusts-treasury-to-end-war-diplomacy-cannot-solve\/","title":{"rendered":"Trump Trusts Treasury to End War Diplomacy Cannot Solve"},"content":{"rendered":"

As Tiana Lowe Doescher<\/strong> argues in Washington Examiner<\/em>, the strategy represents a dramatic escalation in economic warfare against the Islamic Republic. While the Pentagon has paused direct military operations against Iran, this new financial offensive opens a global front by forcing America’s allies and trading partners to choose between doing business with Tehran or maintaining access to the U.S. financial system.<\/p>\n

The approach may seem straightforward, yet observers wonder why it hasn’t been implemented sooner. The answer lies in the extraordinary demands this operation\u2014dubbed Economic Outcast\u2014will place on international relationships if enforced as stringently as Treasury officials promise.<\/p>\n

China Tops the Target List<\/h2>\n

The primary focus of the sanctions regime is China. Before Operation Epic Fury, Beijing imported approximately 1.5 million barrels of Iranian oil daily, representing roughly 90% of the regime’s total oil exports. Even with Iran’s supply chains forced overland, the Chinese Communist Party continued importing 823,000 barrels per day in July, according to data analytics platform Kpler.<\/p>\n

Bessent’s operation strikes directly at China’s oil arbitrage system, which purchases Iranian crude at steep discounts and funnels it to Shandong province’s teapot refineries.<\/p>\n

Turkey and Iraq Face Pressure<\/h2>\n

Turkey emerges as another significant target. Despite its nominal NATO membership, Ankara has imported 13% of its natural gas from Iran over recent years. Meanwhile, Iraq has maintained $12 billion in annual trade with its neighbor.<\/p>\n

The United Arab Emirates, historically among Iran’s top trading partners, has suspended economic ties with the regime. However, adversaries like Russia continue billion-dollar annual trade relationships with Tehran.<\/p>\n

European Union Hypocrisy Exposed<\/h2>\n

Perhaps most troubling is the European Union’s continued engagement with Iran. The bloc, which has persisted in purchasing Russian oil even as Washington funds Ukraine’s defense, still conducted billions in trade with Iran last year.<\/p>\n