Washington: The U.S. Department of the Treasury has announced a comprehensive economic campaign aimed at dismantling the financial networks of the Islamic Republic of Iran and its enablers. This multi-faceted operation, referred to as Operation Economic Outcast, seeks to sever the economic lifelines sustaining the Iranian regime and the Islamic Revolutionary Guard Corps (IRGC). According to U.S. Department of the Treasury, Secretary of the Treasury Scott Bessent emphasized the significance of this initiative by drawing parallels with the D-Day operations of World War II. He stated that the United States, under President Trump's leadership, is no longer managing the threat posed by Iran but actively working to end it. The campaign intends to isolate Tehran by targeting its financial connections worldwide, with a clear message to international actors: align with the United States and benefit from the partnership, or face isolation with Iran. Operation Economic Outcast aims to systematically dismantle Iran's f inancial networks that facilitate oil smuggling, sanctions evasion, and terrorism funding. The Treasury has mapped out these networks and is collaborating with various U.S. government partners to ensure comprehensive targeting of any source of illicit revenue for the Iranian regime. The Iranian government is presented with a choice between severe global isolation and reintegration into the global economy. In a coordinated effort, U.S. teams from the Departments of Treasury, State, and War are engaging with global counterparts to enforce the shutdown of identified Iran-related activities. Countries are being given specific timelines to comply, and failure to act will result in decisive actions by the Treasury. The U.S. is also expanding the scope of secondary sanctions for entities continuing business with Iran, focusing on critical sectors like digital assets, technology, gold, aviation, and shipping. The Office of Foreign Assets Control (OFAC) has sanctioned nearly 60 entities, individuals, and vessels inv olved in Iran's illicit activities, including nuclear and missile technology procurement, cyber operations, and oil-revenue generation. Additionally, several general licenses for remittances to Iran have been suspended, and new guidance on the sanctions risks related to shipping in the Strait of Hormuz has been issued. The Treasury's broadening of sanctions risk targets sectors Iran exploits for its destabilizing and terrorist activities. OFAC's unprecedented sectoral sanctions determinations under Executive Order 13902 empower it to sanction any entity supporting the Iranian economy's key sectors. This includes targeting those involved in digital assets, technology acquisition, gold stabilization, aviation misuse, and shipping networks. Furthermore, OFAC's designations extend to entities and individuals facilitating Iran's procurement of sensitive technology for nuclear and missile development. The targeted networks span the Middle East and East Asia, employing front companies and covert financial channels to evade global export controls. The Treasury's actions also address Iranian cyber actors involved in compromising U.S. critical infrastructure and engaging in digital asset theft. Iranian networks, under the Ministry of Intelligence and Security, have conducted cyber espionage and financially motivated cyber theft, compromising multiple sectors in the U.S. Additionally, the Treasury targets Iran's shadow fleet shipping network, which enables the unauthorized transport of Iranian oil and petroleum products, a vital revenue source for the regime. Sanctioned entities and individuals facilitating these operations are being designated, further tightening the U.S.'s grip on Iran's economic lifelines. The sanctions announced today lead to the blocking of designated persons' property and interests in the U.S., with severe penalties for violations. The Treasury's actions emphasize the U.S.'s commitment to ending Iran's destabilizing activities and highlight the potential for change should Iran choose a path of glo bal economic reintegration.