Watch: Launching Operation Economic Outcast Against Iran, Announces Sec. Bessent

Treasury Secretary Scott Bessent unveiled "Operation Economic Outcast" on Monday, launching an aggressive financial offensive designed to sever the Iranian regime’s remaining economic connections worldwide and cut off funding to the Islamic Revolutionary Guard Corps (IRGC).

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Described by administration officials as an "economic D-Day," the sweeping campaign targets five core sectors of Iran's economy: digital assets, technology, gold, aviation, and shipping.

Federal agencies have comprehensively mapped the covert networks, illicit facilitators, and "shadow fleet" vessels used by Tehran to bypass existing sanctions and smuggle crude oil.

Transcript:

BESSENT: “Today, we are launching Operation Economic Outcast to foreclose every other option available to the Iranian regime. Treasury has mapped every node, every facilitator, and every network that Iran has used to smuggle oil and evade sanctions. Beginning today, the actions of Treasury and other agencies will tighten the noose and block every potential source of revenue that funds the IRGC and the evil Iranian regime.”

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tippinsightsTIPP Staff