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Bessent Announces ‘Operation Economic Outcast’ to Isolate Iran

Monday, August 24, 2026


Treasury Secretary Scott Bessent announced Monday that the U.S. is implementing economic measures targeting Iran, stating that countries and businesses conducting trade with Tehran risk facing U.S. sanctions. Bessent did not provide a timeline for implementation or specify which sectors would be subject to the measures.

Original reporting: https://www.breitbart.com/economy/2026/08/24/economic-outcast-iran/

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Bessent Says ‘Wave of Sanctions’ to Come on Iran