US announces 'unprecedented' sanctions against Iran
US announces 'unprecedented' sanctions against Iran US Treasury Secretary Scott Bessent laid out what he described as an "unprecedented" US sanctions campaign against Iran on Monday, warning that every country has a "finite timeline" to shut down activities identified by Washington or face action from the Treasury. The new Iran sanctions will include those on tech, gold, aviation, shipping and…
US Treasury Secretary Scott Bessent announced unprecedented sanctions against Iran on Monday, warning that any nation will face Treasury action if it continues activities identified by Washington. The new sanctions target tech, gold, aviation, shipping, and involve nearly 60 entities, individuals and vessels. President Donald Trump is reportedly contacting world leaders to urge them to cease interactions with Iran.
Entities facilitating money laundering for Iran will be removed from the US dollar system. Bessent emphasized that time is of the essence, stating that the goal is to sever all economic ties with the regime until Iran is isolated. He also suggested that a major financial institution will face sanctions by the end of the week, though he did not provide further details.
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- US unveils ‘economic D-Day’ of sanctions to isolate Iran dailymaverick.co.za
- New US sanctions against Iran: Bessent warns countries — Cut Iran ties or face the ‘full reach of American power’ livemint.com
- Iran has a 'two year plan' to counter sanctions, economic minister says middleeasteye.net
- US unveils 'economic D-Day' of sanctions to isolate Iran channelnewsasia.com
- In 'warning shot,' US threatens sanctions on Iran’s trading partners al-monitor.com
- US unveils 'economic D-Day' of sanctions to isolate Iran hindustantimes.com
- Oil prices remain lower as Bessent outlines Iran sanctions plan, signals China not exempt seekingalpha.com
