Economic D-Day

Economic D-Day, officially designated Operation Economic Outcast by the US Treasury, is the name given by US President Donald Trump and Treasury Secretary Scott Bessent to a campaign of... Wikipedia

• Date:  20 August 2026 – present (less than a year)
• Causes:  Stalled ceasefire talks between the United States and Iran, continued Iranian disruption of shipping through the Strait of Hormuz
• Goals:  Isolating the economy of Iran from global trade and finance, pressuring third countries, including China, to halt purchases of Iranian oil, targeting more than 60 entities, individuals and vessels tied to Iran
• Methods:  Secondary sanctions on countries and financial institutions in the oil, banking, digital assets, technology, gold, aviation and shipping sectors, sanctions on oil smuggling networks, swap lines, cash transfers, exchange houses, ship registries and front companies, closure of Bank Melli branches abroad
• Status:  Ongoing
• Data source:  DuckDuckGo