Treasury Expands Iran Sanctions Without Targeting Major Chinese Banks | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Aug 24, 2026, 2:13 PM CDT The Trump administration has revealed the details of its “economic D-Day” campaign against Iran, expanding secondary sanctions that threaten foreign companies with exclusion from the U.S. financial system for continuing to do business with Tehran and targeting nearly 60 individuals, entities and vessels in the first round of new measures. Treasury Secretary Scott Bessent on Monday formally launched “Operation Economic Outcast,” giving countries a defined, but unspecified,…