The US launches operation 'Economic Pariah' to block Iran's income sources
US Treasury Secretary, Scott Bessent, announced on Monday the start of operation 'Economic Pariah' to cut off "all economic options" of Iran with the aim of increasing pressure with sanctions against the Islamic Republic almost six months into the war since the start of the war.
US Treasury Secretary Scott Bessent has announced the launch of Operation Paria Economico, aimed at cutting off Iran's economic options by threatening sanctions on countries and companies that do business with the Islamic Republic. The operation targets five key areas that Iran uses to evade sanctions: digital assets, technology, gold, aviation, and maritime transport.
Over 60 entities, individuals, and vessels worldwide have been sanctioned for enabling Iran's nuclear and missile programs, cyber operations, and oil revenue. Bessent warned that any entity facilitating money laundering or evasion of sanctions on behalf of Iran risks being excluded from the US financial system. The US is meeting with international counterparts to demand concrete action to end dealings with Iran.
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