Topic: Irgc

Treasury Secretary Scott Bessent is leading "Operation Economic Outcast," a campaign of secondary sanctions aimed at removing entities doing business with the IRGC from the US dollar system. Bessent claims a blockade has left only 30 million barrels of Iranian oil in the water and predicts the Strait of Hormuz will be bypassed by pipelines within two years. The strategy involves targeting illegitimate assets to potentially compensate victims of terror.

Treasury Secretary Scott Besant announced "Operation Economic Outcast," a campaign to block all Iranian oil revenue and funding for the IRGC. Besant described the move as an "economic D-Day," a comparison that draws criticism for equating financial sanctions with the bloody military invasion of Normandy.