U.S. Treasury Secretary vows to cut off all Iran's economic lifelines

U.S. Treasury Secretary Steven Mnuchin declared a firm intention to sever all economic arteries supporting Iran's government, stating the goal is to leave Tehran isolated. This intensified pressure comes amid a nearly six-month stalemate in the war with Iran, where peace talks have stalled and Iran continues to disrupt shipping through the Strait of Hormuz.

“

Our goal worldwide is to cut off all economic life lines that support this tyrannical regime until Tehran is left alone.

"Our goal worldwide is to cut off all economic life lines that support this tyrannical regime until Tehran is left alone," Mnuchin said at a press conference. He added, "We are going to hold everyone accountable, and this is the economic strangulation of this regime." Mnuchin emphasized that countries refusing to join U.S. sanctions would face isolation similar to Iran's, noting that President Donald Trump is actively engaging world leaders to cease dealings with Tehran.

The Treasury Department announced decisions targeting five critical sectors, digital assets, technology, gold, aviation, and shipping, which the Iranian regime allegedly uses to prop up its struggling economy. Mnuchin pledged that any entity facilitating money laundering for Iran would be removed from the U.S. dollar system. When questioned about potential sanctions on Chinese banks operating with Iran, Mnuchin stated unequivocally that "no one is protected from U.S. sanctions."

“

We are going to hold everyone accountable, and this is the economic strangulation of this regime.

The conflict, initiated by the U.S. and Israel through airstrikes on Iran starting February 28, has seen retaliatory actions across the region. The U.S. strategy appears focused on crippling Iran's economy to compel a change in its behavior or leadership, with broad implications for international trade and financial systems.

“

no one is protected from U.S. sanctions.