US Treasury Unleashes Operation Economic Outcast on Iran

Treasury Secretary Scott Bessent announced 'Operation Economic Outcast,' a sweeping sanctions campaign targeting Iran's global financial and trade links. He compared this effort to World War II's D-Day campaign, saying the administration will sever every economic lifeline sustaining the Iranian government until Tehran stands alone.

The new sectoral sanctions determinations target five areas Bessent described as Iran's most vital foreign lifelines: digital assets, technology, gold, aviation, and shipping. The measures broaden the risk of secondary sanctions for entities that continue doing business with Iran.

Bessent warned countries, companies, and financial institutions facilitating transactions helping turn Iranian oil into revenue would be targeted. He said entities that facilitate money laundering for Iran could be removed from the U.S. dollar system.