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Bessent unveils 'economic D-Day' to penalize countries aiding Iran

The administration announced "Operation Economic Outcast," a new strategy to widen secondary sanctions targeting entities that financially support Iran.

Published Aug 24, 2026, 2:50 PM EDT | WFMZZ

Bessent announced "Operation Economic Outcast," a Trump administration initiative to broaden secondary sanctions on entities that financially aid Iran. The plan is intended to penalize countries and other actors that provide economic support to Iran.