U.S. Treasury Secretary Scott Bensett announced that the European Union (EU) has officially joined the United States' "Economic Outcast Operation" against Iran.
In a post on social media platform X on September 3, Bensett stated, "The EU has officially decided to participate in the 'Economic Outcast Operation.' We appreciate the EU's swift and decisive stance." He added, "The U.S. will work with our allies to ensure that Iran's murderous regime cannot exploit the global financial system to fund its nuclear ambitions, weapons programs, and terrorist proxies."
Bensett emphasized, "The world is sending a clear message to the Iranian regime: we will not stop until we cut off every remaining source of funding."
Previously, the EU issued a statement last month indicating its commitment to work closely with the U.S. and G7 member countries to maintain pressure on Iran and contribute to de-escalation and regional stability.
The 'Economic Outcast Operation' is a set of sanctions aimed at isolating Iran economically, announced by Bensett on August 24. The core of the operation involves imposing secondary sanctions on third-country companies that engage in trade with Iran. Targeted sectors include digital assets and technology, gold, aviation, and shipping, with the goal of pressuring foreign companies and intermediaries that support trade with Iran to cut off its international trading network.
The Treasury Department also designated approximately 60 Iranian-linked entities and individuals, as well as vessels related to nuclear, missile, cyber, and oil networks, as new targets for sanctions. The department explained that it is focusing on a network of intermediaries spanning the United Arab Emirates (UAE), Hong Kong, China, Singapore, Switzerland, and Europe, as well as vessels belonging to what is known as the 'shadow fleet.' This shadow fleet refers to a network of ships that transport oil and other goods while evading sanctions.
* This article has been translated by AI.
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