Washington Expands Global Pressure Campaign on Tehran to Cut Financial Lifelines
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The United States has expanded its international pressure campaign against Iran, with teams from the Treasury, State Department and U.S. military engaging counterparts around the world as Washington seeks to restrict financial and commercial channels it says allow Tehran to withstand and circumvent sanctions.
The outreach is part of Operation Economic Outcast, a campaign launched on August 24. Treasury Secretary Scott Bessent said teams from across the U.S. government were meeting global counterparts and that countries had been given timelines to take action against activities Washington has identified as supporting Iran.
The Treasury says the campaign targets networks involving Iranian oil, shipping, aviation, technology, digital assets and gold, as well as foreign intermediaries accused of helping Tehran evade sanctions. Washington has also warned of expanded secondary-sanctions exposure for entities that continue certain dealings with Iran.
On September 16, the Treasury's Financial Crimes Enforcement Network convened global financial institutions to share information on Iranian revenue and procurement networks, saying the initiative was designed to help financial institutions identify and disrupt those channels. “U.S. Treasury.
Treasury says it is working with partners including the European Union, the United Kingdom and Gulf countries. Measures announced during September have targeted Iranian aviation, digital-asset infrastructure and other entities Washington says facilitate sanctions evasion.
President Donald Trump also used his September 22 address to the United Nations General Assembly to call on other countries to participate in what he described as the “complete economic isolation” of Iran, even as indirect diplomatic contacts between Washington and Tehran continue.
Iranian President Masoud Pezeshkian rejected U.S. pressure in his UN address the following day, saying Iran would not surrender while maintaining that Tehran remained open to diplomacy. A senior Iranian official separately told Reuters that significant differences remained between the two sides but diplomatic efforts were continuing.
