Trump’s ‘economic D-day’ against Iran risks driving the stakes even higher | Sina Toossi

As with its approach to Hormuz, the US has mistaken applying pressure for an actual strategy. But Tehran has chips of its own to playDonald Trump has found a new way to promise victory over Iran. After months of war have failed to force Iran’s capitulation or collapse, his administration has unveiled what the US Treasury secretary, Scott Bessent, calls Operation Economic Outcast: an effort to cut it off from what remains of the global economy and threaten foreign governments, banks and companies with sanctions if they continue doing business with Tehran.There is no question that Iran is vulnerable. Its economy has been battered by years of sanctions, war and a months-long US naval blockade. Iranian officials acknowledge that oil exports and access to foreign currency have been severely con