Washington is daring China and others to keep buying Iranian oil while promising to cut them out of the dollar system if they do.
- Operation Economic Outcast started August 24
- Targets five sectors Iran uses abroad
- Sanctions over 60 entities, people and ships
- Secondary sanctions risk for any country or bank still dealing with Tehran
- Bessent says no infinite patience
- Explicitly said he does not want to wreck the global system
Hedge fund legend slams Treasury's bond buybacks https://t.co/adPkqvpz69
— Axios (@axios) August 25, 2026
Treasury Secretary Bessent’s surprise plan to tamp down US borrowing costs by expanding bond buybacks may have sparked fierce debate about its ultimate effectiveness, but key market metrics and positioning show that it’s having an impact. https://t.co/ftFWfBtS4A
— Bloomberg (@business) August 25, 2026
h/t Digital mix guy Kirk Spock
1 view