Iran-US war latest: Bessent says countries with economic ties to ‘murderous’ regime will feel ‘full reach of US power’
Bessent launches Operation Economic Outcast with new Iran sanctions
- U.S. Treasury Secretary Scott Bessent announced Operation Economic Outcast, imposing sanctions on nearly 60 Iran-linked entities, individuals, and vessels across nuclear, missile, cyber and oil networks.
- The U.S. Treasury Department suspended general licenses that previously permitted remittance payments to Iran.
- The campaign enforces a zero-leakage approach designed to cut off revenue streams funding the IRGC and the Iranian regime.
- President Donald Trump has called out to world leaders to urge them to cut economic ties and cease interactions with Iran, Bessent said.
- Bessent also called on world leaders to choose between the U.S. and Iran, declaring that nations cannot engage with the regime while benefiting from the American economic system.
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