US Treasury disrupts Iran’s financial networks under Operation Economic Outcast

Treasury's campaign against Iranian revenue has hit banks in Iraq, offshore lenders, shadow bankers, and a crypto platform accused of moving Bitcoin to the IRGC The US Treasury is trying to cut off the Iranian regime’s money supply, and it isn’t being subtle about it. Treasury Secretary Scott Bessent has called Operation Economic Outcast an “economic D-Day.” The campaign launched on August 24, 2026. Its goal is to isolate Tehran by dismantling the financial networks that carry its oil and military revenue. Its sanctions have now designated over 60 entities, individuals, and vessels. The latest major move landed on October 15, 2026. Treasury sanctioned the International Development Bank for Investment and Finance in Iraq, along with several Iranian offshore banks operating in free trade zones.

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