The European Union has joined the US-led 'Operation Economic Outcast,' expanding the campaign to isolate Iran from the global financial system, according to The Zioneer. The first wave targets nearly 60 individuals, entities, and vessels involved in oil smuggling, sanctions evasion, and technology transfers. Treasury Secretary Scott Bessent praised the move, vowing to continue until Iran's remaining financial lifelines are severed.
The European Union has formally joined the United States in 'Operation Economic Outcast,' a sweeping campaign to sever Iran's access to the international financial system, The Zioneer reports. The operation expands secondary-sanctions exposure across digital assets, technology, gold, aviation, and shipping, targeting Iran's oil-smuggling networks and sanctions-evasion channels.
The United States launched the economic campaign in August under President Trump, who called it the 'most crushing' operation ever taken against a country. The initial wave designated nearly 60 individuals, entities, and vessels linked to Iran's energy and weapons programs. Treasury Secretary Scott Bessent has framed the strategy as a 'zero loopholes' policy designed to force Iran to negotiate on nuclear and regional issues.
Bessent praised the EU's decision, declaring that the campaign will continue until all of Iran's financial lifelines are cut. The EU said it supports additional economic pressure aimed at compelling Tehran to end its destabilizing activities and negotiate in good faith. The announcement signals a significant escalation in Western economic warfare against the Iranian regime.
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