US Treasury launches Operation Economic Outcast targeting Iranian oil and shipping networks

The U.S. Department of the Treasury launched Operation Economic Outcast, imposing comprehensive sanctions targeting Iranian illicit oil smuggling networks, ghost fleet tankers, and financial facilitators across aviation, digital assets, gold, and shipping sectors.

Why this matters. Imposes zero-leakage enforcement on third-party maritime brokers and financial institutions facilitating Iranian crude exports to eliminate remaining state revenues.