# Treasury Department says Iran's economy cratering, inflation at 90 percent — retained record

> Retained news record from news:the-hill.

Canonical: https://highsignal.app/data/records/9541c4b6b8e0f622

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source: [news](https://highsignal.app/data/news) (news:the-hill)  published 2026-10-30 21:53 ingested 2026-10-31 02:55

[original source ↗](https://thehill.com/policy/international/6185517-bessent-iran-operation-economic-outcast-impact/)

## retained text



```
The U.S.’s economic isolation campaign against Iran is “decimating” the country’s economy, according to a Treasury Department report released Friday. The Trump administration launched its sweeping economic pressure campaign, dubbed Operation Economic Outcast, at the end of August. During a Wednesday appearance on CNBC, Treasury Secretary Scott Bessent said the effort has been “very successful.”...
```



document fetched 2026-10-31 02:55 · canonical https://thehill.com/policy/international/6185517-bessent-iran-operation-economic-outcast-impact