Treasury warns of sanctions for any nation trading with Iran

The US Treasury has announced a new initiative to impose sanctions on any country or entity that maintains economic ties with Iran, aiming to isolate Tehran financially. The campaign, dubbed Operation Economic Outcast, targets all transactions that convert Iranian oil into money, with deadlines for violators to cut ties or face sanctions. It remains uncertain whether the measures will be applied to China, which buys most of Iran's exported oil, and Iran has threatened retaliation against participating nations.