Treasury Secretary Scott on Monday unveiled economic sanctions against Iran.
Last week, President Trump said his next move will be “economic warfare and isolation on an unprecedented scale” against Iran.
Trump said that any country that aids Iranian financial institutions, airports, or businesses will face economic consequences.
“This will be an ECONOMIC D-DAY,” Trump said.
On Monday, Bessent announced new sanctions against Iran dubbed “Operation Economic Outcast.”
“Treasury has mapped every node, every facilitator, and every network that Iran has used to smuggle oil and evade sanctions,” Bessent said.
“Beginning today, the actions of Treasury and other agencies will tighten the noose and block every potential source of revenue that funds the IRGC and the evil Iranian Regime!” Bessent said.
“We are enforcing a zero leakage approach.”
“There will be no minimal breathing space for the regime to rebuild this capacity to inflict terror against America and the world.”
“The final refuge of this regime is a mistaken conclusion of nations that still finance the Iranian threat in the hopes of evading it,” he said.
WATCH:
Watch Bessent’s full news conference here:
U.S. Secretary of the Treasury Scott Bessent Holds Press Conference on Economic D-Day https://t.co/SilSgXpRsi
— Treasury Department (@USTreasury) August 24, 2026
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