The US Treasury Secretary says the 'Economic Fury' operation will systematically target Iran's ability to produce, move, and repatriate funds.
Treasury Secretary Scott Bessent made the official announcement, framing the sanctions as part of a systematic effort to degrade Iran's financial capabilities.
The announcement explicitly frames the sanctions under the 'Economic Fury' campaign, with a stated goal of degrading Iran's ability to generate, move, and repatriate funds.
The Treasury Secretary provided new details on the operation's goals to degrade Iran's production and movement of funds, and to track capital flight.
