- The EU endorsed Operation Economic Outcast, adding its support to Washington’s effort to sever Iran’s access to the global financial system.
- The campaign targets Iran’s access to digital assets, advanced technology procurement, gold reserves, commercial aviation and shipping, with further secondary sanctions focused on banks.
- South Korea is considering military assistance to support the reopening of the Strait of Hormuz, but its government said no decision has been made.
- Shipping through Hormuz remains subdued amid intensified U.S.-Iran hostilities, putting a major global oil-flow chokepoint back at the center of market risk.
Quotes
“We appreciate their strong and early stance”
“The world is sending a clear message to the Iranian regime: We will not stop until every remaining financial lifeline has been severed”
“economic terrorism”
“details related to the issue have yet to be decided”