U.S. Treasury Secretary Announces "Operation Economic Outcast" to Isolate Iran

U.S. Treasury Secretary Scott Bessent unveiled "Operation Economic Outcast," a new initiative aimed at isolating Iran by threatening other countries and companies engaged in business with the nation. The announcement includes an expansion of secondary sanction categories to include aviation, digital assets, gold, shipping, and technology, along with sanctions on nearly 60 entities involved in illicit procurement and oil smuggling.