Trump administration launches new Iran sanctions in ‘Operation Economic Outcast’

Even before Scott Bessant's announcement of “Operation Economic Outcast”, the Iranian currency had sunk to a new low on the foreign exchanges, so what will the likely impact be of this attempt to block all Iran's potential sources of revenue?

Treasury Secretary Scott Bessent said countries would be given deadlines to cease all financial interactions with the Iranian regime or face secondary sanctions.

Treasury Secretary Scott Bessent said countries would be given deadlines to cease all financial interactions with the Iranian regime or face secondary sanctions.

Any entity that "facilitates money laundering on behalf of Iran will be removed from the US dollar system," US Treasury Secretary Scott Bessent said on Monday.

Treasury Secretary Scott Bessent said no country is "above the reach of U.S. sanctions," signaling Chinese banks could face consequences

What matters more for oil prices is how hard U.S. sanctions hit China, Iran’s biggest oil buyer, and whether Beijing pushes back.

US Treasury Secretary Scott Bessent announced what he called an “unprecedented” US campaign to sever Iran from the global economy. He says any country doing business with Iran could face US sanctions. Any country that facilitates money laundering for Iran could be removed from the US dollar system, he said during a pre

Treasury Secretary Scott Bessent on Monday launched “Operation Economic Outcast,” a campaign to cut Iran off from the global economy and punish governments, banks, and companies that continue doing business with Tehran. The announcement comes roughly six months after President Donald Trump launched his military campaig