US Targets Iran's Revenue Streams with New Sanctions

The US government announced new sanctions under "Operation Economic Outcast" to isolate Iran from the global economy and cut off all revenue sources for the Iranian Revolutionary Guards, Treasury Secretary Scott Bessent said at a press conference. Bessent said the focus targets digital assets, technology, gold, aviation, and shipping, claiming the Treasury has mapped all Iranian networks used for oil smuggling and sanctions evasion. He provided no specific measures, countries, or timelines for implementation. The announcement follows President Trump's threat last week of an unprecedented "economic war" against Iran, warning that any country supporting Tehran would face "MASSIVE economic consequences" and calling on all US allies to help stop the Iranian threat.