Trump Unleashes Economic Attack on Iran Amid Escalating Trade War

The Trump administration has launched 'Operation Economic Outcast,' a plan to isolate Iran's economy through threats of secondary sanctions on its enablers. Treasury Secretary Scott Bessent detailed the initiative in a press conference, which aims to target countries that continue to support Iran. The move is part of an escalating trade war between the U.S. and Canada, with President Donald Trump announcing plans to raise Canadian auto tariffs to 50% on January 1, 2027.

Meanwhile, gold and crypto prices have been rising as investors seek to hedge against the U.S. dollar, a sign that the 'debasement trade' may be returning. The S&P 500 has not seen significant gains despite Treasury yields and oil prices declining on Monday.