Signal US Treasury Launches 'Operation Economic Outcast' Sanctions Campaign Against Iran

Summary

US Treasury Secretary Scott Bessent announced Operation Economic Outcast, a campaign targeting Iran. The campaign focuses on five sectors: aviation, digital assets, gold, shipping and technology. The Treasury imposed new sanctions on more than 60 individuals, entities and vessels across the UAE, Hong Kong, China, Singapore and Switzerland. The campaign also warns third countries that continued economic cooperation with Iran risks losing access to the United States. It reads as an effort to simultaneously widen the sanctions net against Iran across multiple countries.