Treasury Targets Iran’s Remaining Shadow Fleet with Sanctions

The Treasury Department sanctioned 17 ships in Iran's remaining shadow fleet as part of Operation Economic Outcast, an effort to cut off Iran's oil revenue. Treasury says the regime is running out of options to stabilize its economy amid a U.S. military blockade. Secretary Scott Bessent warned that any country or company doing business with Tehran risks U.S. sanctions. Earlier in September, U.S. forces destroyed five Iranian tankers after Iran targeted an American warship.