Global Trade Alert
Global Trade Alert

United States of America: Treasury launches Operation Economic Outcast sanctions campaign against Iran

Announcement

24 Aug 2026

In August 2026, the US Treasury launched Operation Economic Outcast against Iran. The campaign includes five sectoral determinations, nearly 60 designations, and the suspension of several general licences.

Source

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Number of interventions

12

11 certainly harmful

1 likely harmful

0 liberalising

List of interventions

Implementation date

24 Aug 2026

Revocation date:

No revocation date

Announced: 24 Aug 2026
Import ban In force

Recent update from 28 Aug 2026:

On 24 August 2026, the US Office of Foreign Assets Control suspended indefinitely two general licences authorising the import of certain services from Iran. The suspension restores the prohibition ...

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Announced: 24 Aug 2026
Export ban In force

Recent update from 28 Aug 2026:

On 24 August 2026, the US Office of Foreign Assets Control suspended indefinitely four general licences authorising the export of certain services to Iran. The suspension restores the prohibition u...

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Announced: 24 Aug 2026
Foreign customer limit In force

Recent update from 28 Aug 2026:

On 24 August 2026, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) imposed sanctions on six vessels for their involvement in the unauthorised transport of millions of ...

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Announced: 24 Aug 2026
Controls on commercial transactions and investment instruments In force

Recent update from 28 Aug 2026:

On 24 August 2026, the U.S. Department of the Treasury imposed sanctions on two entities, one from Switzerland and one from Malaysia, that are said to have been involved in trade and payments suppo...

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Announced: 24 Aug 2026
Controls on commercial transactions and investment instruments In force

Recent update from 28 Aug 2026:

On 24 August 2026, the U.S. Department of the Treasury imposed sanctions on La Nivernaise de Raffinage SAS, an entity from France that is said to be owned by a company linked to an Iranian oil ship...

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Announced: 24 Aug 2026
Controls on commercial transactions and investment instruments In force

Recent update from 28 Aug 2026:

On 24 August 2026, the U.S. Department of the Treasury imposed sanctions on two entities, one from the United Kingdom and one from the Marshall Islands, that are said to have been involved in the t...

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Announced: 24 Aug 2026
Controls on commercial transactions and investment instruments In force

Recent update from 28 Aug 2026:

On 24 August 2026, the U.S. Department of the Treasury imposed sanctions on 15 entities from Hong Kong that are said to have been involved in Iranian procurement, oil transport and payment networks...

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Announced: 24 Aug 2026
Controls on commercial transactions and investment instruments In force

Recent update from 28 Aug 2026:

On 24 August 2026, the U.S. Department of the Treasury imposed sanctions on five entities from China that are said to have been involved in the procurement of sensitive technology for Iran and the ...

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Announced: 24 Aug 2026
Controls on commercial transactions and investment instruments In force

Recent update from 28 Aug 2026:

On 24 August 2026, the U.S. Department of the Treasury imposed sanctions on three entities from Singapore that are said to have been involved in the shipment and trade of Iranian petroleum products...

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Announced: 24 Aug 2026
Controls on commercial transactions and investment instruments In force

Recent update from 28 Aug 2026:

On 24 August 2026, the U.S. Department of the Treasury imposed sanctions on eight entities from the United Arab Emirates that are said to have been involved in the transport and servicing of vessel...

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Announced: 24 Aug 2026
Controls on commercial transactions and investment instruments In force

Recent update from 28 Aug 2026:

On 24 August 2026, the U.S. Department of the Treasury imposed sanctions on Noavaran Axis Private Joint Stock Company, an entity from Iran that is said to have been involved in the shipment of prol...

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Implementation date

No implementation date

Revocation date:

No revocation date

Announced: 24 Aug 2026
Controls on commercial transactions and investment instruments

Recent update from 28 Aug 2026:

On 24 August 2026, the US Department of the Treasury issued five sectoral determinations under Executive Order 13902. The determinations identify the digital assets, technology, gold, aviation and ...

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