Live Conflict Israel-US vs Iran War (2026)

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United States President Donald Trump said on Wednesday he was launching a major new campaign to target Iran’s economy, threatening “tremendous” punishment on any country that helps or does business with the country.

The intensified economic pressure campaign comes as the war nears its sixth month with no immediate diplomatic or military off-ramp in sight and the vital Strait of Hormuz still significantly choked-off.

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[Fatman17]

China on Tuesday urged the US not to disrupt its cooperation with Iran after Washington announced “Operation Economic Outcast,” a sweeping campaign intended to completely isolate Tehran from the global financial system.

“China’s cooperation with Iran is conducted within the framework of international law and should not be disrupted,” Foreign Ministry spokesman Lin Jian told reporters in Beijing.

He warned that the new US sanctions risk disrupting the global financial order, stressing the need for the warring sides to hold talks to end the conflict.

“Economic wars and maximum pressure are not the solution,” Lin said, when asked about the new sanctions regime launched by US Treasury Secretary Scott Bessent on Monday.

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