Bessent Unleashes Operation Economic Outcast on Iran's Financial Networks

Crypto markets have paused after a strong week of gains, as major players like Bitcoin and Ethereum hold back from further climbs. The slowdown comes just ahead of a significant geopolitical announcement in Washington.

Treasury Secretary Scott Bessent has launched Operation Economic Outcast, a global economic offensive targeting Iran's financial networks. 'Iran now faces a very clear choice,' Bessent said, 'with only two paths before them.'

The effort aims to close off every remaining option available to Tehran, described by Bessent as an attempt to foreclose every other option available to the Iranian regime.