US Launches ‘Operation Economic Outcast’ Sanctions Against Iran
United States Secretary of State Marco Rubio speaks during a joint press conference with India’s Minister of External Affairs S. Jaishankar following their talks in New Delhi, India, Sunday, May 24, 2026
The United States announced sweeping new sanctions against multiple entities, individuals and vessels linked to Iran, the State Department said in a press release.The measures target Iranian military officials, procurement networks, cyber groups and shippers and brokers involved in moving Iranian petroleum and petrochemical products through the UAE, China, Singapore and Europe.The State Department claimed the sanctions are aimed at Iran’s military activities, cyber operations and oil trade.It also said the cyber component was coordinated with the FBI, following indictments against eight Iranian nationals accused of compromising US energy companies, defense contractors, healthcare institutions and government offices.Last week, the State Department’s Rewards for Justice program offered up to $10 million for information on five individuals accused of cyber activity against US critical infrastructure.The new sanctions mark another escalation in the US pressure campaign against Iran after the US failed to force Iran into submission through its war of aggression, blockade and threats.
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