US Launches Operation Economic Outcast to Isolate Iran's Financial Networks

The U.S. Department of the Treasury has launched 'Operation Economic Outcast,' an economic campaign targeting Iran's financial networks, oil revenues, shipping operations, technology procurement, and other sources of support.

Treasury Secretary Scott Bessent described the operation as a sustained campaign to isolate the Iranian regime, stating that its objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone.

The Treasury Department's Office of Foreign Assets Control (OFAC) issued five sectoral sanctions determinations targeting digital assets, technology, gold, aviation, and shipping. The measures expand potential secondary sanctions against foreign persons operating in or providing services connected to those sectors on behalf of Iran.