Washington: An unprecedented, whole-of-government, economic campaign against the Islamic Republic of Iran and its enablers was announced today. In a statement reminiscent of the historic D-Day during World War II, Secretary of the Treasury Scott Bessent declared the launch of a comprehensive economic assault aimed at dismantling Iran's financial connections worldwide. The objective is clear: to isolate Tehran economically until it is left without allies. President Trump, breaking away from the approaches of his predecessors, has spearheaded this assertive strategy with the aim of ending, rather than managing, the Iranian threat. According to U.S. Department of the Treasury, Operation Economic Outcast is set to dismantle the economic networks that sustain the Iranian regime and the Islamic Revolutionary Guard Corps (IRGC). The operation seeks to target every financial resource that supports Iran, marking the commencement of a systematic campaign to suppress the regime's illicit revenue channels. The initiativ e includes pressing countries worldwide to take immediate action with a clear ultimatum: shut down Iran-related activities or face Treasury's actions. The U.S. government has expanded the scope of secondary sanctions, increasing the risk for entities engaged in Iran-related activities. New determinations target key sectors, including digital assets, technology, gold, aviation, and shipping, all crucial to Iran's efforts to bolster its economy. Nearly 60 entities and individuals have been sanctioned by the Office of Foreign Assets Control (OFAC) for their roles in facilitating illicit activities tied to Iran's nuclear, missile, cyber, and oil networks. The Treasury's actions reflect a significant expansion of sanctions risk for those choosing to maintain business ties with Iran. OFAC has issued several sectoral sanctions determinations under Executive Order 13902, enhancing the Treasury's capacity to impose sanctions on individuals and entities operating within specified sectors of the Iranian economy. The s ectors include digital assets, technology, gold, aviation, and shipping, all of which Iran has exploited to sustain its regime. Furthermore, OFAC has sanctioned numerous Iran-linked entities, individuals, and vessels across several jurisdictions for their involvement in illicit activities, including nuclear and missile technology procurement, cyber operations, and oil-revenue generation networks. These designations are part of a broader strategy to intensify pressure on the networks supporting Iran's malign activities and its attacks across the region. In addition, the U.S. government has targeted Iran's shadow fleet shipping network and oil revenue facilitators, which are crucial to transporting Iranian crude oil to markets in East Asia. Several entities and individuals have been designated for facilitating Iranian oil shipments and engaging in sanctions evasion activities. The Treasury's actions extend to shadow fleet vessels responsible for transporting millions of barrels of Iranian oil and petroleum pr oducts, a vital revenue source for the Iranian regime. The sanctions implications are substantial, with all property and interests in property of the designated or blocked persons in the United States or under the control of U.S. persons being blocked and reported to OFAC. The actions underscore OFAC's commitment to enforcing U.S. economic sanctions and highlight the potential risks for financial institutions and individuals engaging with designated persons.