A sweeping new sanctions campaign, dubbed Operation Economic Outcast, has been launched to disrupt Iran’s financial networks by targeting the infrastructure enabling sanctions evasion. The Treasury Secretary unveiled the initiative as part of a broader effort to isolate the country economically by cutting off key channels used to bypass restrictions. The move signals an aggressive escalation in financial pressure, focusing on the systems that facilitate illicit transactions. Details on the specific measures and affected entities are expected to provide further insight into the campaign’s scope.
Treasury Secretary Scott Bessent announced Operation Economic Outcast on Aug. 24, a massive expansion of sanctions aimed at severing Iran's ties to the global economy by targeting the infrastructure used for evasion.
