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The latest US sanctions targeting Iran, dubbed 'Economic Isolation,' are unlikely to succeed as Pakistan and China refuse to comply. The campaign risks triggering Chinese rare earth retaliation and deepening global economic instability, while many nations see the US as abandoning multilateralism.
US Treasury Secretary Scott Bessent announced a new sanctions package, 'Operation Economic Outcast,' targeting Iran with about 60 entities, individuals, and vessels. The move aims to cut off Tehran's economic resources, with President Trump personally urging foreign leaders to stop dealing with Iran. Iran's top trade partners include China, Iraq, UAE, Turkey, and Afghanistan for exports, and UAE, China, Turkey, EU, and India for imports.
