The US on Monday launched Operation Economic Outcast, a sweeping campaign intended to completely isolate Iran from the global financial system, Treasury Secretary Scott Bessent announced.

“Our objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone,” Bessent told journalists, The Caspian Post reports, citing Anadolu Agency.

Directed by US President Donald Trump, the “unprecedented” sanctions target Iran’s “most vital lifelines,” including aviation, shipping, gold, technology and digital assets, he said.

Bessent warned that any entity facilitating money laundering for Tehran will be permanently removed from the US dollar system.

“I would expect that you will see a major announcement of a financial institution being sanctioned by the end of this week,” he further said, without elaborating.

The offensive, which Bessent characterized as an “economic D-Day,” follows claims from the administration that Iran’s military and nuclear infrastructure have been dismantled.

Trump recently asserted that Tehran is facing 350% inflation and can no longer pay its security forces.