At last, the EU is pulling on its big-boy pants to take up sanctions against the mullahs. 

Kenneth R. Timmerman | September 5, 2026

Regular readers of this column know that I have become a big fan of Treasury Secretary Scott Bessent. For many months I have been saying that Treasury's efforts, under his direction, to undermine the Iranian regime's ability to access international financial markets are a critical complement to our overall campaign against Tehran. For sure, if our military had not totally disabled Iran's air defenses and taken out huge numbers of missile launchers and production plants, our allies in the Gulf would be in a world of hurt. But if Treasury can pull off its plan to isolate Iran from international financial markets, the regime is likely to collapse. This week, Bessent got a big assist from the European Union, which formally signed on to Operational Economic Outcast during talks at the G20 summit of finance ministers in Asheville, NC. Europe has long had sanctions aimed at restricting supplies to Iran's ballistic missile and nuclear programs, but frankly that was mere lip service given that Germany,........

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