US Treasury Threatens Dollar-System Cutoff for Iran Trade Partners

Treasury Secretary Scott Bessent announced "Operation Economic Outcast" on August 24, threatening sanctions on any country or entity keeping economic ties with Iran. Those facilitating money laundering for Iran face removal from the US dollar system — a measure that could effectively freeze them out of global finance. This follows a US-Israeli strike that killed Supreme Leader Khamenei six months ago. Iran warned of retaliation.