
Bessent: EU Joins Operation Economic Outcast Against Iran
US Treasury Secretary Scott Bessent said the European Union has officially joined Operation Economic Outcast. That is his X post dated 3 September 2026, 4:26pm.
Eurozone retail sales fall an unexpected 0.6% MoM on the July headline stamp, with the same page’s body labeling that print as June. EUR/USD trades near 1.1622 after slight selling. NFP is still preview only.

Eurozone Retail Sales decline unexpectedly 0.6% MoM in July. That is the Friday 4 September 2026 stamp. The euro faces slight selling after the release of the Eurozone Retail Sales data for July. At press time, EUR/USD is marginally down to near 1.1622.
The same page’s first body line says Retail Sales “contracted at a 0.6% pace Month-on-Month (MoM) in June, while they were anticipated to rise by 0.3%.” That June label sits on the page beside the July headline and the July calendar card.
June’s data is revised higher to 0.2% from −0.3%. On an annualized basis, Retail Sales grew 0.6%, versus 1.1% estimates and a previous reading of 1.4%, revised higher from 0.7%.
The embedded Retail Sales (MoM) card stamps Last release Fri Sep 04, 2026 09:00; Actual −0.6%; Consensus 0.3%; Previous −0.3%.
Post-print EUR/USD slip toward 1.1605 is the later euro session tape — distinct from this retail-sales miss.
Informational only. Not trading advice, signals, or a guarantee of any market outcome.
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US Treasury Secretary Scott Bessent said the European Union has officially joined Operation Economic Outcast. That is his X post dated 3 September 2026, 4:26pm.

OFAC designated Türkiye’s Golden Global Bank and two Istanbul subsidiaries under Operation Economic Outcast and E.O. 13902 for facilitating IRGC-QF transactions.

US diesel averaged a record $5.85 a gallon on Friday for the first time ever as the Iran war keeps squeezing fuel flows through Hormuz. Brent traded above $95. Freight and grocery pass-through color stays on the tape.