Uploaded August 2026 | Updated September 2026, 3 weeks ago
Treasury Secretary Scott Bessent on Monday announced “Operation Economic Outcast,” a sweeping new sanctions campaign targeting Iran’s global financial and trade links in what the Trump administration has called an “economic D-Day.”
“At President Trump’s direction, the United States Treasury has begun Operation Economic Outcast, an unprecedented campaign against the Islamic Republic of Iran and its neighbors,” Bessent said.
Trump last week said any country allowing its financial institutions, businesses, airports or government entities to provide Iran with “any type of lifeline” would face “tremendous economic consequences.”
Bessent compared the effort to the World War II D-Day campaign, saying the administration would target Iran’s financial connections “around the globe” with the objective of severing “every economic lifeline” sustaining the government “until Tehran stands alone.”
The Treasury Department issued new sectoral sanctions determinations targeting five areas Bessent described as Iran’s most vital foreign lifelines: digital assets, technology, gold, aviation and shipping. He said the measures broaden the risk of secondary sanctions for entities that continue doing business with Iran.
Treasury’s Office of Foreign Assets Control also sanctioned more than 60 entities, individuals and vessels that Bessent said help Iran procure nuclear and missile technology, conduct cyber operations or generate oil revenue.
Bessent said the administration has not publicly named the countries or entities it is pressuring, nor disclosed their deadlines to comply. But he said the U.S. is using “quiet diplomacy” to tell governments its expectations and warned that those that do not act will face consequences.
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Treasury Secretary Scott Bessent on Monday announced “Operation Economic Outcast,” a sweeping new sanctions campaign targeting Iran’s global financial and trade links in what the Trump administration has called an “economic D-Day.”
“At President Trump’s direction, the United States Treasury has begun Operation Economic Outcast, an unprecedented campaign against the Islamic Republic of Iran and its neighbors,” Bessent said.
Trump last week said any country allowing its financial institutions, businesses, airports or government entities to provide Iran with “any type of lifeline” would face “tremendous economic consequences.”
Bessent compared the effort to the World War II D-Day campaign, saying the administration would target Iran’s financial connections “around the globe” with the objective of severing “every economic lifeline” sustaining the government “until Tehran stands alone.”
The Treasury Department issued new sectoral sanctions determinations targeting five areas Bessent described as Iran’s most vital foreign lifelines: digital assets, technology, gold, aviation and shipping. He said the measures broaden the risk of secondary sanctions for entities that continue doing business with Iran.
Treasury’s Office of Foreign Assets Control also sanctioned more than 60 entities, individuals and vessels that Bessent said help Iran procure nuclear and missile technology, conduct cyber operations or generate oil revenue.
Bessent said the administration has not publicly named the countries or entities it is pressuring, nor disclosed their deadlines to comply. But he said the U.S. is using “quiet diplomacy” to tell governments its expectations and warned that those that do not act will face consequences.
_______________
Stay up to date with our social media:
WLUK on Facebook: facebook.com/wlukfox11
WLUK on Twitter: twitter.com/fox11news
Subscribe to WLUK on YouTube: youtube.com/channel/UC72xzKVi3b_2oed6zQ8KKQg/?sub_confirmation=1
Daily News Playlist: youtube.com/playlist?list=PLjuhS_na3SEwTKX0ACWvXwNAc0GrTqhFo
For more information, visit fox11online.com
Have a news tip? Send it directly to us:
Email us: fox11news@wluk.com
Call the Newsroom: 920.494.8711
WLUK is a WI based station and a FOX Television affiliate owned and operated by Sinclair Broadcast Group, Inc. Sinclair Broadcast Group, Inc. is one of the largest and most diversified television broadcasting companies in the country today.
#WLUK #FOX11 #WLUKFox11 #FOX11News #Greenbay
