Trump's 'Op Economic Outcast' against Iran: What sanctions threat could mean for India
The US launched 'Operation Economic Outcast' against Iran, with Treasury Secretary Scott Bessent stating President Trump is urging global leaders to cease interactions with Iran. Indian exports to Iran plummeted from $3.5 billion in FY2019 to $1.2 billion in FY2026, reflecting the sanctions' impact. The situation could further disrupt global oil markets and India's trade relations.