US Launches "Operation Economic Outcast" Sanctions Against Iran
Treasury Secretary Scott Bessent announced a new wave of sanctions, labeled "Operation Economic Outcast" or "Economic D-Day," on August 26, 2026. The measures target nearly 60 individuals, businesses, and vessels linked to illicit Iranian oil smuggling. The Trump administration described the objective as "economic asphyxiation" to cut off revenue for the IRGC. In response, long lines formed at Tehran gas stations as domestic economic concerns intensified.
Date: August 26, 2026
Location: Washington DC, United States
Conflict: US-Iran Conflict
Category: sanctions
Severity: MEDIUM
Source: Fox News