The European Union has officiallyjoined the US-led “Operation Economic Outcast” against Iran, Treasury SecretaryScott Bessent announced on Friday.
“The world is sending a clearmessage to the Iranian regime: We will not stop until every remaining financiallifeline has been severed,” he added.
— Treasury Secretary Scott Bessent (@SecScottBessent) September 3, 2026
The United States launched OperationEconomic Outcast last month under President Donald Trump, targeting Iran andthose Washington identifies as supporting Tehran, including networks accused ofmoving Iranian oil and circumventing US sanctions, in what Bessent described asan “unprecedented campaign” to isolate Iran from global economic and financialnetworks.
The EU expressed its support for theoperation as part of efforts to curb Tehran’s “destabilizing activities,”increase economic pressure and support a return to peace talks. Iranian ForeignMinistry spokesperson Esmaeil Baqaei condemned the move as an endorsement of US“economic terrorism,” accusing the bloc of yielding its sovereignty, laws andvalues to Washington.
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