Treasury Secretary Bessent launches Operation Economic Outcast

The move comes as part of President Trump's economic war after he issued a warning against nations that aid Iran threatening an "Economic D-Day."

The U.S. Treasury Department announced a new round of secondary sanctions aimed at countries that continue to do business with Iran.

The move comes as part of President Trump’s economic war after he issued a warning against nations that aid Iran threatening an “Economic D-Day.”

Treasury Secretary Scott Bessent announced the launch of “Operation Economic Outcast,” an effort to sever the financial lifeline that sustains Iran’s regime, which the U.S. has accused of using illicit revenues to fund global terrorism.

“Iran now faces a very clear choice, with only two paths before them: complete global isolation and a subsistence economy, or a path back to normalcy with an opportunity to rejoin the global economy,” Bessent said. He added, President Trump was speaking with several world leaders, asking them for unspecified assistance in helping to tighten the economic rope around Iran.