### [2026-08-24](/feed/2026/08/24/index.md)

##### Economic impact of the 2026 Iran war
# U.S. Treasury Secretary Scott Bessent announces "Operation Economic Outcast", a campaign involving new sanctions against Iran in a effort to isolate the regime. 




### Sources:

1. [Politico](https://www.politico.com/news/2026/08/24/bessent-iran-economy-01047365)
2. [The Wall Street Journal](https://www.wsj.com/world/middle-east/bessent-launches-operation-economic-outcast-to-isolate-iran-0e4db091)

### Related:

1. [U.S. president Donald Trump announces an economic war against Iran, along with new sanctions for countries trading with Iran. ](/feed/2026/08/19/us-president-donald-trump-announces-an-economic-war-against-iran-along-with-new-sanctions-for-countries-trading-with.md) _Context: Economic impact of the 2026 Iran war, Iran_
2. [U.S. crude oil prices fall 2.7% to about $74 per barrel for the first time since early March after treasury secretary Scott Bessent announced a 60-day waiver of sanctions on the purchase of Iranian oil. ](/feed/2026/06/22/us-crude-oil-prices-fall-27-to-about-74-per-barrel-for-the-first-time-since-early-march-after-treasury-secretary-sc.md) _Context: Economic impact of the 2026 Iran war, Scott Bessent, U.S. Treasury Secretary_
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4. [U.S. treasury secretary Scott Bessent says Washington will halt Iranian airlines’ access to landing spots until a deal is signed. ](/feed/2026/05/28/us-treasury-secretary-scott-bessent-says-washington-will-halt-iranian-airlines-access-to-landing-spots-until-a-deal-i.md) _Context: Iran, Scott Bessent, U.S. Treasury Secretary_
5. [U.S. treasury secretary Scott Bessent says that Oman will not participate in imposing tolls on ships and vessels transiting the Strait of Hormuz after previously threatening to impose sanctions against them earlier in the day if it were to join Iran in doing so. ](/feed/2026/05/28/us-treasury-secretary-scott-bessent-says-that-oman-will-not-participate-in-imposing-tolls-on-ships-and-vessels-transit.md) _Context: Scott Bessent, U.S. Treasury Secretary_
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7. [U.S. treasury secretary Scott Bessent announces that the U.S. will temporarily lift sanctions on Iranian oil at sea in an effort to ease energy supply pressures. The temporary relief will last for 30 days until April 19. ](/feed/2026/03/20/us-treasury-secretary-scott-bessent-announces-that-the-us-will-temporarily-lift-sanctions-on-iranian-oil-at-sea-in-a.md) _Context: Economic impact of the 2026 Iran war, Scott Bessent, U.S. Treasury Secretary_
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10. [President Trump signs an executive order eliminating "gender radicalism in the military", targeting transgender personnel in the military, and another executive order that mandates a process to develop an American Iron Dome. [https:--www.france24.com-en-americas-20250128-trump-signs-executive-orders-aimed-at-trans-troops-mandates-american-iron-dome (France 24)]The United States Senate votes to confirm Scott Bessent as U.S. Treasury Secretary, making him the highest rank LGBTQ official to run the U.S. Treasury and the highest-ranking LGBTQ person in the United States. [https:--time.com-7210423-scott-bessent-confirmed-trump-treasury-secretary- (TIME)]United States Office of Management and Budget acting director Matthew Vaeth orders federal government agencies to temporarily pause all federal financial assistance programs, with the exception of Medicare and Social Security, that could be implicated by select executive orders from President Donald Trump. [https:--www.politico.com-news-2025-01-27-trump-freezes-federal-aid-omb-00200891 (Politico)]Executive Order 14183](/feed/2025/01/27/president-trump-signs-an-executive-order-eliminating-gender-radicalism-in-the-military-targeting-transgender-personne.md) _Context: Scott Bessent, U.S. Treasury Secretary_