U.S. ‘Economic Outcast’ operation gains momentum as EU joins sanctions; South Korea weighs military backing

hellenicshippingnews... · Hellenic Shipping News Worldwide · 2026-09-04

The European Union has formally joined the U.S.-led sanctions campaign against Iran, while South Korea said it’s weighing a military role to help reopen the Strait of Hormuz, as Washington presses allies to back its war against Tehran on both the financial and military fronts. U.S. Treasury Secretary Scott Bessent praised the EU for signing ...

Source: Hellenic Shipping News Worldwide — read the full report

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