The United States has launched a new large-scale Operation "Economic Outcast" aimed at restricting Iran's economic and financial capabilities.
Jnews.az reports that the US Department of the Treasury announced the new campaign targets Iran's global financial ties and is aimed at restricting Tehran's sources of economic revenue.
US Treasury Secretary Scott Bessent stated that Washington's goal is to cut off all economic revenue sources supporting the Iranian regime and place Tehran in international economic isolation.
“Our goal is to cut off every economic revenue source supporting this tyrannical regime so that Tehran stands alone.”
Under the new campaign, the US has imposed sanctions on approximately 60 individuals, companies, and vessels accused of involvement in Iran's oil sales, nuclear and ballistic missile programs, as well as cyber activities.
In addition, the scope of areas covered by the risk of secondary sanctions against foreign entities cooperating with Iran has been expanded. These areas include digital assets, technology, gold, aviation, and shipping. Although the US has called on other countries and companies to cease economic ties with Tehran, it has not yet applied the harshest restrictions against Iran's key trading partners.
In particular, major financial institutions in China, the largest buyer of Iranian oil, have not yet become direct targets of the new sanctions. Bessent stated that other countries will be given time to comply with US requirements.
Source: thejc.com
