The U.S. Treasury on Oct. 15, 2026, designated 27 targets, including Baghdad's International Development Bank, two Iranian offshore banks, four exchange houses and a Cuban bank, accusing them of moving money for Tehran. FinCEN warned banks that Iran is exploiting khums religious payments, and CNN reported U.S. strike plans that could use the GBU-43/B against Iranian energy and nuclear sites if combat resumes.
washington-power / analysis
Treasury Sanctions Baghdad Bank and Iran Shadow Bankers as U.S. Weighs 'Mother of All Bombs' Option
Operation Economic Outcast hits an Iraqi bank, Iranian exchange houses and a Cuban lender as FinCEN flags abuse of Shi'a religious giving and CNN reports MOAB strike planning.
By Ecker Geopolitics Desk · Reviewed and edited by Brendan Ecker
· Updated · 1 min read

Iran sanctions · Scott Bessent · Operation Economic Outcast · International Development Bank Iraq · FinCEN khums alert · GBU-43/B MOAB · OFAC · Strait of Hormuz