00:00ability to impose secondary sanctions on banks and financial institutions.
00:04Our great armed forces have laid the groundwork for achieving the president's objective of
00:10preventing Iran from ever obtaining nuclear weapons. They have shown America's resolve.
00:20Iran now faces a very clear choice with only two paths before them.
00:27Complete global isolation and a subsistence economy or a path back to normalcy with an
00:33opportunity to rejoin the global economy. Today we are launching Operation Economic Outcast
00:40to foreclose every other option available to the Iranian regime. Treasury has mapped every node,
00:48every facilitator, and every network that Iran has used to smuggle oil and evade sanctions.
00:55Beginning today, the actions of Treasury and other agencies will tighten the noose and block
01:02every potential source of revenue that funds the IRGC and the evil Iranian regime. We are enforcing
01:10a zero-leakage approach. There will be no minimal breathing space for the regime to rebuild its
01:16capacity to inflict terror against America and the world. The final refuge of this regime is the
01:24mistaken conclusion of nations that still finance the Iranian threat in the hopes of evading it. It is
01:32no longer acceptable to operate in the gray spaces of this conflict. Countries cannot claim they are
01:39blind to enabling this activity. Iran's enablers purchase, transport its petroleum. They facilitate
01:47the flow of its finances through exchange houses and free trade zones. They welcome Iran's flights and
01:53maintain registries on its behalf. They turn a blind eye to seaborne fuel transfers and overland transits.
02:02They condone illicit use of their banks, all the while concealing the extent of their complicity.
02:08The president is making phone calls to world leaders with specific requests to cease their
02:15interactions with the regime. We are already seeing results. Every country has a defined timeline to shut
02:22down activities we have identified. If they do not take action, we will do so unilaterally through Treasury
02:29authorities. For example, every branch of bank melee must be shuttered and dark. And let me be clear,
02:40any entity that facilitates money laundering on behalf of Iran will be removed from the U.S. dollar
02:48system. The clock just started ticking. As I speak, Treasury's Office of Foreign Assets Control is also
02:57sanctioning over 60 entities, individuals, and vessels around the world that enable the Iranian regime to
03:05procure illicit nuclear and missile technology, conduct cyber operations, and generate oil revenue.
03:13This is a sustained campaign to collapse every last option for Iran. We find that the best way to engage
03:23with countries is through quiet diplomacy. And we are level setting with every country to tell them our
03:32expectations. We know who they are. They know who they are. So when the hammer of U.S. Treasury actions
03:41falls upon them, they will have no one to blame but themselves. I'm not going to name names,
03:47that we've already seen some results, and that I am confident the President, as you all know, is quite
03:54persuasive. And we are following his calls up with calls from visits and calls from the State Department
04:01and from the U.S. Treasury telling leaders in the countries and the entities exactly what we expect
04:09and the timelines. And I would expect that very quickly, if they do not respond, then you will see
04:16the ramifications of their actions. Can you can you say how far the timelines are? Again, I'm not going
04:23to set timelines, but we do not have infinite patience here. Okay, thank you all.
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