The United States has launched a new campaign of economic sanctions against Iran, targeting its financial networks, oil trade and other sources of revenue.

Axar.az reports, citing the US Treasury Department, that the campaign, dubbed “Operation Economic Outcast,” aims to cut off the economic lifelines supporting the Iranian government and the Islamic Revolutionary Guard Corps (IRGC).

Treasury Secretary Scott Bessent said the US would target Iran’s financial connections worldwide and warned countries and entities facilitating Iran-related activities that they could face sanctions.

As part of the measures, the Office of Foreign Assets Control (OFAC) sanctioned nearly 60 individuals, entities and vessels linked to Iran’s nuclear and missile procurement, cyber operations and oil revenues.

The US also expanded the scope of activities that could trigger secondary sanctions to include Iran’s digital assets, technology, gold, aviation and shipping sectors.

Washington also targeted networks involved in transporting Iranian oil and channeling revenues to the IRGC’s Quds Force, as well as procurement networks helping Iran obtain sensitive technology for nuclear research and missile development.

The Treasury Department said the campaign would continue and that countries were being given time to halt Iran-related activities identified by the US before further measures are taken.