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cnbc.com · Sep 4, 2026

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

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

The EU 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.

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