U.S. Launches 'Operation Economic Outcast' with 60 New Iran Sanctions
U.S. Treasury Secretary Scott Bessent announced 'Operation Economic Outcast,' a sweeping sanctions campaign targeting nearly 60 entities linked to Iran. The measures aim to sever Iran's global financial connections and include threats of secondary sanctions against international allies like China. Beijing has dismissed the campaign, leading to increased diplomatic friction as the U.S. seeks to enforce a total economic embargo to force Iran to reopen the Strait of Hormuz.
Date: August 27, 2026
Location: North America, United States
Conflict: US-Iran Conflict
Category: sanctions
Severity: HIGH
Source: The Tribune