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Treasury Secretary Scott Bessent on Monday detailed the “economic D-Day” the U.S. will level against Iran, focusing on countries that do business with the regime.

The new effort, dubbed “Operation Economic Outcast,” broadens the categories for secondary sanctions against entities and countries that engage with Iran.

Tehran warned it would respond harshly to the expanded U.S. measures.

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Transcript
00:00At President Trump's direction, the United States Treasury has begun Operation Economic Outcast,
00:07an unprecedented campaign against the Islamic Republic of Iran and its enablers.
00:14Beginning today, the actions of Treasury and other agencies will tighten the noose
00:19and block every potential source of revenue that funds the IRGC and the evil Iranian regime.
00:26We are enforcing a zero-leakage approach. There will be no minimal breathing space for the regime
00:32to rebuild its capacity to inflict terror against America and the world.
00:37Those who stand with the United States will reap the rewards of our partnership.
00:42Those who tether themselves to the Iranian regime should expect to share in the isolation of a withering regime.
00:50Teams from Treasury, State, and the U.S. military are now meeting with their global counterparts
00:57to tell them that the United States expects action.
01:01Every country, every entity should know that they should be prepared to face U.S. sanctions.
01:08No one is above this.
01:11We are going to hold everyone accountable, and this is economic asphyxiation of this regime.
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