00:00It's Benzinga bringing Wall Street to Main Street.
00:02The European Union has joined the U.S.-led Operation Economic Outcast Sanctions campaign
00:07against Iran as Washington presses allies to increase financial and military pressure on
00:12Tehran, according to CNBC. Treasury Secretary Scott Besant praised the EU for backing efforts
00:19to cut Iran off from the global financial system. The campaign targets Iran's access to digital
00:25assets, advanced technology, gold reserves, commercial aviation, and shipping. Separately,
00:32South Korea is considering military assistance to help reopen the Strait of Hormuz to commercial
00:36shipping, according to Reuters. Seoul denied reports that a decision had been made.
00:41The developments come as U.S. and Iranian forces exchange strikes and commercial shipping through
00:47the Strait of Hormuz remains subdued. For all things money, visit Benzinga.com.
