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Operation Economic Outcast: US announces fresh sanctions on Iran and allies
Posted
August 24, 2026
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August 24, 2026
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13:02Now PlayingPresident Donald Trump’s administration is threatening Iran with an “economic onslaught” against it and Iran’s financial networks.
Even before the announcement of “Operation Economic Outcast”, the Iranian currency has sunk to a new low on the foreign exchanges. Now the US is trying to block all of Iran’s potential sources of revenue.
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US Treasury Secretary Scott Bessent said it will be the “single greatest financial offensive ever”, but having made similar threats militarily and not followed through, what impact will the latest US missive have on the war that won't go away?
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