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U.S. Treasury Secretary Scott Bessent announced a new campaign targeting financial networks, companies and countries that help Iran generate revenue and bypass sanctions, and the news coincided with declines in USO and XLE.
24 August 2026 As prepared for delivery. Good afternoon. Today, at President Trump s direction, the United States Treasury has begun Operation Economic Outcast an unprecedented campaign against the Islamic Republic of Iran and its enablers. In the Second World War, D-Day marked the historic beginning of a campaign with
US Treasury’s Bessent says the US will enforce a “zero leakage” approach to Iran sanctions, according to Pro.