US Launches Economic D-Day Against Iran
Treasury Secretary Scott Bessent announced 'Operation Economic Outcast', a new sanctions campaign targeting Iran's global financial and trade links. He described it as an 'economic D-Day' in a press conference at the Treasury Department on August 24, 2026.
The administration aims to sever every economic lifeline sustaining the Iranian government by targeting digital assets, technology, gold, aviation, and shipping. Bessent compared this effort to the World War II D-Day campaign, saying they will target Iran's financial connections 'around the globe'.
The Treasury Department issued new sectoral sanctions determinations targeting five areas that Bessent described as Iran's most vital foreign lifelines. Over 60 entities, individuals, and vessels were also sanctioned for helping Iran procure nuclear and missile technology, conduct cyber operations, or generate oil revenue.