U.S. Treasury Secretary Scott Bessent announced on August 24, 2026, an "unprecedented" campaign called Operation Outcast to sever Iran from the global economy. Bessent warned that any country doing business with Iran would lose access to the U.S. dollar, with the Treasury secretary saying "the clock just started ticking" on enforcement.
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Treasury Secretary Scott Bessent announced what he called an “unprecedented” US campaign to sever Iran from the global economy, warning that any country doing business with the country risks facing US sanctions.
Treasury Secretary Scott Bessent announced what he called an “unprecedented” US campaign to sever Iran from the global economy, warning that any country doing business with the country risks facing US sanctions. “We are launching an economic onslaught against Iran’s financial connections around the globe,” Bessent said at a press conference in Washington. He called the move “economic asphyxiation
US Treasury Secretary Scott Bessent announced what he called an “unprecedented” US campaign to sever Iran from the global economy. He says any country doing business with Iran could face US sanctions. Any country that facilitates money laundering for Iran could be removed from the US dollar system, he said during a press conference in Washington. (Source: Bloomberg)
US Treasury Secretary Scott Bessent speaks about US efforts to sever Iran from the global economy and actions taken by the United Arab Emirates to cut economic ties with the Islamic Republic last week. He also says to expect “a major announcement of a financial institution being sanctioned by the end of this week.” (Source: Bloomberg)
Treasury Secretary Scott Bessent on Monday issued a global warning for countries to cut any financial ties with Iran or risk being cut off from the U.S. dollar system, launching a new economic pressure campaign against the Islamic Republic as the military front has reached a stalemate six months into the war. Called "Operation Economic...
"The clock just started ticking," US Treasury Secretary Scott Bessent says while threatening economic punishment against any country doing business with Iran. (Source: Bloomberg)
Treasury Secretary Scott Bessent delivered remarks to kick off the week, announcing a plan to to sever Iran from the global economy and threatening all nations to cut ties with Iran. A panel of Bloomberg experts -- Chief US Interest Rate Strategist Ira Jersey, Economics & Policy Correspondent Mike McKee, and Senior National Political Correspondent Nancy Cook -- react to Bessent's remarks, includin
Bessent Unveils Iran Sanctions Regime He Admits Could “Blow Up” Global Economy #RepublicansAreSociopaths #ItsTheEconomyStupid #Trumpcession truthout.org/articles/bes... The treasury secretary pledged to “sever every economic lifeline” to Iran and its 92 million residents.
Treasury Secretary Scott Bessent announced a new economic plot against Iran and threatened countries that continue to trade with Tehran. CBS News' Aaron Navarro has more.