U.S. Unveils ‘Economic D-Day’ Against Iran
The White House vows to sanction any country that continues to do business with Tehran.
U.S. Treasury Secretary Scott Bessent introduced Operation Economic Outcast on Monday, a campaign aimed at isolating Iran from the global economy. The initiative threatens secondary sanctions against any nation or entity continuing trade with Tehran. Bessent reported that an unnamed major financial institution would be targeted by the end of the week.
Bessent's speech emphasized the goal of severing all economic ties to the Iranian regime, stating that those aligned with the U.S. will prosper, while those connected to Tehran will face isolation. The operation targets nearly 60 individuals, entities, and vessels involved in Iran's nuclear, missile, cyber, and oil sectors. Additionally, secondary sanctions will be imposed on those involved in money laundering for Iran.
Bessent mentioned that U.S. President Donald Trump has already approached world leaders about reducing interactions with Tehran. Despite China's significant financial ties to Iran, Bessent cautioned all parties to remain within the reach of U.S. sanctions. The Chinese Foreign Ministry vowed to protect its interests and urged restraint from all sides.
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