Washington Launches Sweeping Sanctions Campaign to Isolate Tehran
The U.S. Treasury Department announced Operation Economic Outcast on Monday, a new sanctions regime threatening secondary penalties against any nation or entity that continues commercial ties with Iran. Treasury Secretary Scott Bessent said the goal is to sever all economic pipelines sustaining the Iranian government, with nearly 60 individuals, entities, and vessels already targeted. The administration also plans to sanction an unnamed major financial institution by the end of the week.
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Original headline: “U.S. Unveils ‘Economic D-Day’ Against Iran.” Browse more stories.