Treasury Secretary Bessent Announces New Sanctions on Iran
Scott Jennings > Video
Monday, August 24, 2026
Treasury Secretary Scott Bessent has announced a significant escalation in sanctions against Iran, targeting any country or entity that conducts business with the Iranian regime. This move aims to isolate Iran economically and pressure the regime into negotiations. Dubbed "Operation Economic Outcast," the sanctions will track every financial transaction globally to ensure no loopholes remain. Treasury has identified and will monitor every node, facilitator, and network Iran uses to smuggle oil and evade sanctions. The U.S. is also urging its Western allies to join this coalition to fully enforce these measures. The sanctions are part of a broader strategy to prevent Iran from rebuilding its capacity to inflict terror. Despite the unpopularity of the war, the U.S. has already achieved significant military and economic gains against Iran, including crippling their military, defense industrial complex, and nuclear program.
