Treasury Secretary Scott Bessent is threatening serious restrictions on countries that are still financially cooperating with the Islamic Republic of Iran in “Operation Economic Outcast,” as the Trump administration is hoping to economically cripple the nation.

Bessent made it clear that countries with a relationship with the Islamic Republic should align themselves with the United States rapidly. 

"Those who stand with the United States will reap the rewards of our partnership. Those who tether themselves to the Iranian regime should expect to share in the isolation of a withering regime," he said. 

Last week, President Donald Trump declared “ECONOMIC D-DAY,” effectively noting a new phase of the conflict. Bessent noted during a press conference on Monday that multiple countries are in communication with the U.S. after the announcement.

“Any entity that facilitates money laundering on behalf of Iran will be removed from the U.S. dollar system. The clock just started ticking. The new sectoral sanctions determinations issued today target five of Iran’s most vital lifelines that it exploits in other countries: digital assets, technology, gold, aviation and shipping,” Bessent said.

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“These measures broaden secondary sanctions risk for anyone foolish enough to continue conducting business with this regime, and will accelerate the speed with which we pursue them,” he added, noting that the Office of Foreign Assets Control “is also sanctioning over 60 entities, individuals, and vessels around the world that enable the Iranian regime to procure illicit nuclear and missile technology, conduct cyber operations, and generate oil revenue.”

“This is a sustained campaign to collapse every last option for Iran,” the secretary continued.

In Trump's post last week, he said that "ANY country that allows its financial institutions, businesses, airports, or government entities to provide any type of lifeline to Iran will itself face TREMENDOUS Economic Consequences."

Iranian Foreign Affairs Minister Abbas Araghchi blew off the Trump administration's new economic plans against the country.

"The so-called 'Economic D-Day' is a diversion from America's own crisis: unprecedented debt & surging interest costs. Doubling down on failed policies will only bring further defeat—and enmity of Iranians. US economic terrorism threatens global economy and sovereignty worldwide," he posted to X on Thursday.