US Launches Economic Onslaught Against Iran

Treasury Secretary Scott Bessent announced Operation Economic Outcast, a campaign to use economic tools to pressure Iran into reopening the Strait of Hormuz and ending the war.

The operation aims to cut off Iran's financial connections globally by introducing new sanctions across various sectors, including digital assets, gold, aviation, technology, and shipping.

Bessent stated that any entity facilitating money laundering on behalf of Iran will be removed from the U.S. dollar system.