Jeremy Paner Analyzes Impact of “Operation Economic Outcast” with Japan’s NHK
Sanctions campaign targeting Iran’s economy raises risks for companies and banks in China, Türkiye and the UAE.
Highlights
U.S. sanctions strategy shifts from sector-specific restrictions to pressure on Iran’s broader economy.
China, Türkiye and the UAE face increased scrutiny due to trade ties with Iran.
Paner says the ultimate goal is to return Iran to the negotiating table through economic pressure rather than military action.

The Japan Public Broadcasting Corporation NHK featured Jeremy Paner in three television segments discussing “Operation Economic Outcast,” the latest U.S. sanctions campaign from the Trump administration targeting Iran.
Paner explained that the U.S. has shifted from sanctions focused on specific sectors that fund Iran’s nuclear and missile development, to a broader policy targeting Iran’s entire economy.
“The ultimate goal is to bring Iran back to the negotiating table and begin negotiations over issues the U.S. faces with Iran,” Paner said, adding that the U.S. aims to use economic pressure rather than military measures to force concessions on issues such as the Strait of Hormuz and nuclear development.
He also noted that the measures are intended to increase pressure on key Iranian trading partners, including China, Türkiye and the UAE.
“Key Chinese companies are not connected to Iran. The ones connected are small businesses,” Paner said, noting that any sanctions are more likely to affect smaller banks than major financial institutions.
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