US Treasury announces 'Operation Economic Outcast' on Iran following warning of 'economic D-Day'

US Treasury Secretary Scott Bessent announced "Operation Economic Outcast" against Iran on Monday, aiming to "sever every economic lifeline" of the regime. This initiative follows earlier threats of an "economic D-Day" and signifies a shift from managing to "ending" the Iranian threat. The operation will initially target Iran's digital assets, technology, gold, aviation, and shipping, with Bessent warning that "grey areas" used to evade sanctions are "no longer" acceptable and will incur "secondary sanctions." The US State Department supported these actions, stating they would "cut off every single financial lifeline" funding Iran's destabilizing activities. Israeli Prime Minister Benjamin Netanyahu praised the operation, while Iranian officials, including Parliament Speaker Mohammad Bagher Ghalibaf and President Masoud Pezeshkian, denounced it, with Pezeshkian urging the US to "respect international law and honor its commitments towards Iran."