Treasury Secretary Bessent began the week vowing an "economic offensive" against Iran and its trading partners in another attempt to end the war. By the weekend, however, countries linked to Iran had shrugged off the threat, and analysts expressed disappointment with Washington's actions. The only concrete step was a planned sanction against the UAE branch of Egypt's Misr Bank — far short of the "major news" of a financial institution sanction that Bessent had warned the world would see before the week was out. Alex Zerden, a former Treasury official and founder of Capitol Peak Strategies, said the administration's public actions did not match its own hype. "Operation Economic Exile continues 47 years of restrictive economic measures against Iran, but does not offer a clearer path to economic or military victory in the current campaign," he said.
U.S. Treasury Secretary Bessent opened the week vowing an "economic offensive" against Iran and its trading partners, in another attempted push to end the war. Days later, countries with ties to Iran have largely shrugged off the threat, and analysts are unimpressed with what Washington has actually done.
As the week wound down, the administration announced plans to sanction the UAE branch of Egypt's Misr Bank. That came after Bessent had warned that the world would see "a major announcement about a financial institution being sanctioned before the end of the week." The move is a far cry from that buildup.
Alex Zerden, a former U.S. Treasury official and founder of Capitol Peak Strategies, offered a blunt assessment: "The Treasury Department's publicly visible actions this week did not match the hype. Operation Economic Exile continues 47 years of restrictive economic measures against Iran, but it does not provide a clearer path to economic or military victory in this campaign."
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