US Launches "Operation Economic Outcast" to Isolate Iran as War Nears Six Months

On August 24, 2026, the Trump administration launched "Operation Economic Outcast," targeting Iran's banking access, oil trade, and military procurement. The campaign aims, in the White House's words, to bring about Iran's "total isolation." It follows Treasury measures against UAE banks used by Iran and lands on an economy where inflation has hit 84.4% and the dollar reached 2 million rials.