5 sectors and a warning for world: US launches ‘Op Economic Outcast’ against Iran
The United States has launched an unprecedented economic campaign against Iran, dubbed "Operation Economic Outcast," in an effort to increase pressure on the Islamic Republic. Treasury Secretary Scott Bessent compared the move to the Allied D-Day offensive during World War II, stating the campaign would target Iran's financial networks, oil revenues, and global economic connections.
Bessent said the objective was to sever every economic lifeline sustaining the tyrannical regime until Tehran stands alone. The sanctions target five key sectors: digital assets, technology, gold, aviation, and shipping. The US Treasury had sanctioned nearly 60 Iran-linked entities, individuals, and vessels across various networks, including nuclear, missile, cyber, and oil operations.
The measures come as Iran's economy faces mounting pressure, with the rial hitting a record low and food prices surging. Iran has warned that the economic campaign could trigger a wider confrontation, citing the potential to halt oil exports through the Strait of Hormuz and other Persian Gulf regions.
Written by urgent.news from Times of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
