U.S. Treasury Secretary Scott Bessent announced Monday that the Trump administration is launching an 'economic attack' against Iran's financial networks worldwide, vowing to cut off the regime's economic lifelines until Tehran stands 'alone.' The Treasury is expanding secondary sanctions on entities and countries maintaining business ties with Iran, according to the announcement by Asaf Rozentzweig (N12).
U.S. Treasury Secretary Scott Bessent announced tonight that the administration is expanding secondary sanctions on any entity or country maintaining business ties with Iran, describing the move as an "economic attack" intended to cut off the regime's economic lifelines until Tehran stands alone. The step is the latest concrete action under Operation Economic Outcast, the global campaign Bessent formally launched earlier this evening at 20:18 Jerusalem.
As The Zioneer reported, Bessent unveiled Operation Economic Outcast at President Trump's direction, vowing "unprecedented" sanctions against Iran's financial networks and its international enablers. He declared a "zero loopholes" policy, warning that any entity assisting Iran with money laundering would be removed from the U.S. dollar system. In subsequent statements, Bessent framed a binary choice for world leaders: align with U.S. economic pressure or maintain ties with Iran.
The Zioneer has previously tracked Bessent's warnings of an escalation. On August 14, he said the U.S. would take actions "never seen before in history," combining "economic isolation at a level not seen in the world so far" with a naval blockade on Iran. The expansion of secondary sanctions tonight represents the implementation of those threats.
The specific list of entities and countries newly targeted by the expanded secondary sanctions has not yet been published, and the immediate effect on Iran's financial flows remains to be seen. The Zioneer will continue to monitor enforcement of these measures.
6 developments
- StrongUS Treasury sanctions additional senior IRGC officials at Trump's directive
- StrongUS Treasury proposes cutting Egyptian bank's UAE branch from US financial system over Iran links
- StrongUS Treasury sanctions two major crypto exchanges over IRGC-linked financing
- DevelopingUS freezes $130M in IRGC-linked crypto wallets, expands hunt to Khamenei's global assets
Source and signal
- Open-source intake