The Trump administration on Monday announced a plan to isolate Iran's economy by threatening to impose secondary sanctions on the "enablers" keeping the Islamic Republic afloat:
"We are launching an economic onslaught against Iran's financial connections around the globe," Treasury Secretary Scott Bessent said as he unveiled the new sanctions scheme, dubbed "Operation Economic Outcast":
President Donald Trump is calling world leaders and making "specific requests to cease their interactions" with Iran, Bessent said:
"We want to make clear here today that no one is above the reach of U.S. sanctions," Bessent said:
The U.S. is also expanding its sanctions scope to target those who participate in Iran's digital assets, technology, gold, aviation, and shipping sectors, said Bessent:
