Remarks from Secretary of the Treasury Scott Bessent on Operation Economic Outcast against Iran

Date issued: Aug. 24 2026

You've hit a wall. Sign in if you have an account, or learn more about TURBOFAC and subscription options.
TURBOFAC is a module of the compliance platform OverRuled. To learn more about OverRuled, visit www.overruled.com.

TURBOFAC Commentary (278 words)

Consolidated Comment on Operation Economic Outcast: Total Isolation of the Iranian Regime (White House Statement), United States Implements Operation Economic Outcast with Sanctions Targeting Iran's Military Activities and Procurements, and Petroleum and Petrochemical Product Traders, United States Implements Operation Economic Outcast with Sanctions (State Dept. Release), Treasury Launches Unprecedented Campaign Against Iranian Regime on Economic D-Day (Treasury Press Release).

1) On 8-24-26, the State Department designated entities and OFAC took a range of actions, including designations, suspension of longstanding GLs, and a new sectoral determination, as part of “Economic D-Day” vis-à-vis Iran. See Determination Pursuant to Executive Order 13902 - Aviation, Digital Asset, Gold, Shipping, and Technology Sectors of the Iranian Economy and Suspension of Certain Iranian Transactions and Sanctions Regulations General Licenses.

2) As it...