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US Launches 'Operation Economic Outcast' Against Iran

Guavy AI Editorial Team
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Treasury Secretary Scott Bessent announced 'Operation Economic Outcast' on August 24, 2026, aimed at blocking all revenue sources for Iran's IRGC and regime.

The ultimate goal is complete economic asphyxiation of the regime, according to Bessent. President Donald Trump has begun pressuring world leaders to halt economic interactions with Iran and threatening to lock them out of the US dollar system if they refuse.

As a result, the UAE cut off all commercial and financial ties with Iran last week, which supplied 30% of its imports and took 13% of its non-oil exports. Bessent described this as 'likely causal.'

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