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U.S. Treasury Secretary Scott Bassant launches "Operation Economic Outcast" against Iran in a press briefing. Keynotes:
Today, the U.S. Treasury has begun Operation Economic Outcast, an unprecented campaign against the Islamic Republic of Iran. We are launching an economic onslaught against Iran's financial connections around the globe. Our objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone.
Under Trump, America is no longer managing the Iranian threat. We are ending it. Iran has two paths: complete global isolation or a path back to normalcy.
Beginning today, we will tighten the noose and block every potential source of revenue that funds the IRGC and the Iranian regime. We are enforcing a zero-leakage approach.
Trump is making phone calls to world leaders with specific requests to cease their interactions with the Iranian regime. Any entity that facilitates money laundering on behalf of Iran will be removed from the U.S. dollar system.
To the ordinary soldiers supporting this regime: as more and more of your paychecks stop or are supposedly just delayed, ask whether your commanders are leaving your country to triumph or to ruin, and recall that the Berlin Wall fell when ordinary soldiers decided not to shoot at their own people. And to those who enabled Tehran: do not discount the cost of testing Washington's resolve.
I would expect that you will see a major announcement of a financial institution being sanctioned by the end of this week.
Every branch of [Iranian] Bank Melli must be shut down.
What have the Gulf countries gotten over the years from appeasing Iran? While we were bombing Iran, Iran was bombing the Gulf countries. Appeasement does not work with this regime.
Full briefing attached
Today, the U.S. Treasury has begun Operation Economic Outcast, an unprecented campaign against the Islamic Republic of Iran. We are launching an economic onslaught against Iran's financial connections around the globe. Our objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone.
Under Trump, America is no longer managing the Iranian threat. We are ending it. Iran has two paths: complete global isolation or a path back to normalcy.
Beginning today, we will tighten the noose and block every potential source of revenue that funds the IRGC and the Iranian regime. We are enforcing a zero-leakage approach.
Trump is making phone calls to world leaders with specific requests to cease their interactions with the Iranian regime. Any entity that facilitates money laundering on behalf of Iran will be removed from the U.S. dollar system.
To the ordinary soldiers supporting this regime: as more and more of your paychecks stop or are supposedly just delayed, ask whether your commanders are leaving your country to triumph or to ruin, and recall that the Berlin Wall fell when ordinary soldiers decided not to shoot at their own people. And to those who enabled Tehran: do not discount the cost of testing Washington's resolve.
I would expect that you will see a major announcement of a financial institution being sanctioned by the end of this week.
Every branch of [Iranian] Bank Melli must be shut down.
What have the Gulf countries gotten over the years from appeasing Iran? While we were bombing Iran, Iran was bombing the Gulf countries. Appeasement does not work with this regime.
Full briefing attached