Iran regional confrontation

US Treasury launches sweeping secondary-sanctions campaign against Iran's trade partners

This version is a correction.

DIPLOMACY
Location
US Treasury, Washington, D.C.
Actors
United States · Iran
Importance
Major

Treasury Secretary Scott Bessent announced what the administration calls 'Operation Economic Outcast': new secondary sanctions targeting entities in third countries that facilitate Iranian trade across five sectors - digital assets, technology, gold, aviation and shipping - alongside designations of dozens of entities, individuals and vessels. Tehran called the measures desperate and vowed to retaliate.

Verification: Confirmed

Evidence: Live: US to announce economic sanctions against Iran as Tehran vows to retaliate, Trump administration live updates: U.S. announces new sanctions against Iran, Trump administration announces 'economic D-Day' global pressure campaign on Iran

Designation counts differ slightly across wires ('nearly 60' Reuters vs 'over 60' NBC); figure kept out of copy.