
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.
Iraq is hiring multiple tankers via state-run Iraqi Oil Tankers Co. to transit the Strait of Hormuz, a cabinet-approved step confirmed by a government spokesman.

Iraq is in the process of trying to hire multiple tankers to transit the Strait of Hormuz as Baghdad steps up efforts to get its crude to global markets. That is the Friday 4 September 2026 stamp (Khalid Al Ansary, 4 September 2026, 11:58 AM EDT). Friday’s South Korea Hormuz naval package, WTI retreat below $89, and US diesel record stay separate tapes.
The government has already begun the process through state-run Iraqi Oil Tankers Co., a government spokesman said in a text message. The step was already approved by the country’s cabinet. The page does not stamp a tanker count or a barrel figure — none are invented here. This note does not claim Hormuz is reopened.
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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.