Operation Economic Outcast: Washington’s tough new sanctions on Iran

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  You're listening to The Globalist, first broadcast on the 25th of August, 2026 on Monocle Radio.

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  The Globalist in association with UBS.

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  Live from London, this is The Globalist.

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  I'm Guy Delaunay.

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  Coming up, the U.S.

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  Declared a so-called economic D-Day targeting Iran.

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  Today, at President Trump's direction, the United States Treasury has begun Operation Economic Outcast,

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  an unprecedented campaign against the Islamic Republic of Iran and its enablers.

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  Unprecedented is arguable and the effectiveness is questionable.

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  We'll hear from Monocle's Gulf correspondent Inzaman Rashid as well as Simon Marks.

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  Meanwhile, in Ukraine...

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  We are providing support in whatever way we can and we've made an announcement today about the licensing agreement

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  that we've come to so that Ukraine can build more of its own weapons here.

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  That's Britain's Prime Minister Andy Burnham presenting missile blueprints to Ukraine.

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  We'll also be looking at Chinese cyber espionage in the Czech Republic, news from Norway and Canada,

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  and the release of a book by Monocle's sister publication, Confect.

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  That's all ahead on The Globalist, live from London.

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  First, a look at what else is happening in the news.

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  South Korea has announced

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  that the United States has cancelled a joint amphibious landing drill scheduled for next month.

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