The US
announced 'Operation Economic Outcast' on Monday, targeting global entities
aiding Iran's oil trade, shipping, digital assets, gold, aviation, and more.
Bessent warned that facilitators risk
exclusion
from the US dollar system, with President Trump reaching out to world
leaders to halt trade with Tehran.
China rejected the unilateral sanctions, stating its cooperation with Iran follows international law and it will take necessary measures to safeguard its rights.
Analysts see potential strain on US-China ties, as the moves could push back against dollar dominance.