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2026-08-24T21:14:03.000Z

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Washington targets Iran financially amid Tehran's reassurances

Washington targets Iran financially amid Tehran's reassurances

The United States announced the launch of the "Outcast" economic operation aimed at completely isolating Iran from the global financial system. The operation seeks to cut off all economic arteries supporting the Iranian regime, including the aviation, shipping, gold, technology, and digital assets sectors. U.S. Treasury Secretary, Scott Pennant, affirmed that the unprecedented sanctions will target financial institutions and exclude any entity assisting Tehran in money laundering from the dollar system. Conversely, Iranian Parliament Speaker, Mohammad Bagher Ghalibaf, downplayed the repercussions of the sanctions, asserting that Iran is overcoming economic crises and paying no attention to threats. He also stated that Iran’s trading partners have informed them they will not heed these threats. **Summarized:** Washington launched the "Outcast" operation to financially isolate Iran through targeted sanctions on vital sectors, while Iran downplays the impact and affirms its economic resilience.

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