U.S. Treasury Secretary Scott Bessent stated that the economic isolation campaign against Iran has caused internal panic within the Islamic Revolutionary Guard Corps

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The U.S. Treasury Department imposed sanctions on the A7 Network on October 1, 2026, alleging its payment infrastructure facilitated transactions for sanctioned Russian and Iranian entities.

The U.S. Treasury Department imposed full blocking sanctions on Sberbank in April 2022 under Executive Order 14024

A New York Times article reported on a "dire economic crisis" in Iran resulting from sanctions, including "Operation Economic Outcast."

U.S. Treasury Secretary Scott Bessent described the U.S. policy toward Iran as an absolute isolation campaign involving maritime blockades at the Strait of Hormuz, flight restrictions, and land route closures

The U.S. Department of the Treasury launched Operation Economic Outcast on August 24, 2026, designating digital assets alongside technology, gold, aviation, and shipping as Iranian economic sectors subject to sanctions

Under Operation Economic Outcast, the U.S. Department of the Treasury has designated nearly 60 entities, individuals, and vessels, including actions targeting remnants of Iran's shadow fleet of oil tankers

The conflict with Iran was a strategy to break the old colonial powers of Europe, not primarily about Iran's nuclear capability

The Iran-US Memorandum of Understanding (MOU) was designed to be broken, similar to the Minsk Accords

The Iran-US MOU offered reasonable conditions that the IRGC could not accept without losing its political authority in Iran

Senator Richard Blumenthal's inquiry requested that Cantor Fitzgerald explain how it monitors Tether's compliance with banking and sanctions laws, and details of steps taken to investigate allegations of illicit finance and sanctions evasion

Binance stated it maintains a zero-tolerance policy toward sanctions violations and pointed to its offboarding of accounts linked to sanctions-related suspicious activity in August 2025 and January 2026

The Department of Justice's review of Binance Holdings Ltd. is focused on potential violations of US sanctions against Iran

Tether's voluntary asset freezes are insufficient to prevent systemic sanctions evasion

Binance was not named as a defendant in the September 15, 2026 civil forfeiture action targeting Hong Kong entities linked to Iranian oil sales, involving $61 million in digital assets

On September 15, 2026, the Department of Justice filed a civil forfeiture action seeking $61 million in digital assets connected to Hong Kong entities accused of moving payments for Iranian oil sales

The US strategy against Iran has shifted to economic strangulation via "Operation Economic Outcast"

Scott Besant and the US Treasury are targeting the sectors of the Iranian economy run by the IRGC

Under Japan's October 2, 2026 sanctions, payments and capital transactions involving Garantex and other listed parties require government permission under the Foreign Exchange and Foreign Trade Act

Japan's Ministry of Foreign Affairs identified the sanctioned exchange Garantex under its formal name, Garantex Europe OU, listing addresses in St. Petersburg and Moscow

Japan added the Russian cryptocurrency exchange Garantex to its asset-freeze list on October 2, 2026, as part of a broader sanctions package targeting 33 entities and nine individuals.