Jeremy Paner Discusses US Shift Toward Economic Isolation of Iran with CNBC

Jeremy Paner discussed the Trump administration’s newly announced “Operation Economic Outcast” with CNBC examining the administration’s escalating economic pressure campaign against Iran.

The article reports that Iranian crude oil exports have fallen sharply in August as the U.S. relies on economic pressure, rather than military strikes, to push Tehran toward a deal to fully reopen the Strait of Hormuz. Treasury Secretary Scott Bessent recently announced “Operation Economic Outcast,” a plan to sever Iran’s financial connections around the world through a U.S. naval blockade and new sanctions measures.

Paner said that the campaign represents a significant shift in U.S. policy.

“Instead of saying we’re going limit the revenue, they’re saying we’re going to completely economically isolate Iran,” Paner said. “That had never been the goal of the U.S economic sanctions. Bessent saying that is a big deal.”

Read the article.