Washington can punish almost anyone who needs the dollar. But can it really sever Iran from a globalized economy without confronting China, Russia and the limits of American financial power?
Treasury Secretary Scott Bessent has given America's economic war against Iran a name worthy of a military campaign: Operation Economic Outcast. He says Washington is beginning an "economic onslaught" designed to sever Iran's financial connections around the world until the Islamic Republic "stands alone." That is a formidable threat. It is also a remarkably ambitious one.
Story by John Bowden Aug 23 • 3 min read • Updated 3h agoDonald Trump undertook a shuffling of his stock portfolio in June and sold nearly $30 million in shares that month as Congress debates whether those in power should be allowed to trade stocks at all, according to financial disclosures.
The Northern Sea Route is no longer an experiment—it is becoming a strategic alternative to the world's most vulnerable maritime chokepoints.
As conflict and instability continue to threaten shipping through the Strait of Hormuz, the Red Sea and the Suez Canal, Russia and China are accelerating the development of an Arctic maritime corridor that could reshape Eurasian trade during the summer months. The Northern Sea Route, running along Russia's Arctic coastline, is evolving from a niche passage into a commercially viable strategic corridor backed by Beijing's "Polar Silk Road" initiative.
Quebec entered a perilous new phase of the trade war Saturday after Prime Minister Mark Carney walked away from talks with the United States over what he described as last-minute demands that included weakening protections for the French language and culture.
ByCharlie Wood, Staff Writer