โฝ Trump's Iran crackdown: What it means for India
US Treasury Secretary Scott Bessent announced 'Operation Economic Outcast' to severely restrict Iran's revenue sources. This move comes amid the ongoing US-Iran conflict, targeting every potential income stream for the Iranian regime. The US is warning other nations that continued ties with Tehran could lead to retaliation under new sanctions. Indiaโs exports to Iran dropped from $3.5 billion in FY2019 to $1.2 billion in FY2026, impacting trade. Higher global oil prices and Strait of Hormuz disruptions are noted as major risks for India. ๐ฌ