US Treasury Secretary Scott Bessent revealed that the Trump administration is escalating its economic sanctions on Iran through Operation Economic Outcast, aiming to sever Iran's financial and commercial ties. This campaign has caused Iran's economy to collapse, with an estimated GDP decline of 20% to 25%, affecting both the regime and ordinary citizens. The US has targeted banking operations linked to Iran in countries like Egypt, Turkey, and Russia, and imposed restrictions such as shutting down Iranian airline travel. The administration continues to consider further actions against Iran as the economic pressure mounts.
Regarding US Treasury Secretary Scott Bessent's comments on Iran's economy, here is Pluang's market snapshot as of Oct 27, 2026 01:51 WIB: Among 150 priced US stocks tradable on Pluang, 73 rose and 76 fell today. Notable movers include Micron Technology (MU) at USD 912.47 with a 1-day change of +3.98%, Vale SA (VALE) at USD 11.91 down 3.95%, and Verizon Communications (VZ) at USD 42.94 down 3.85%. The most notable figure is Micron Technology's +3.98% gain.
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