US imposes sanctions on anyone with ties to Iran

The U.S. administration is significantly intensifying economic pressure on Iran by expanding secondary sanctions against entities worldwide that maintain business ties with Tehran. U.S. Treasury Secretary Scott Bessent announced the move, characterizing it as an "economic D-Day" aimed at delivering a final warning to countries to sever their business connections with Iran.

Failure to comply with these sanctions risks having key companies and entities cut off from the dollar-based financial system. Bessent stated, "We are launching an economic onslaught against Iran’s financial connections around the globe. Our objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone." The administration seeks to disrupt Iran's oil smuggling and its ability to evade sanctions.

The Treasury Department has identified specific networks, facilitators, and financial channels used by Iran for illicit revenue generation. Washington intends to collaborate with its partners to target these sources. The sanctions are focused on five sectors crucial to Iran's economy: digital assets, technology, gold, aviation, and shipping.

This expansion of sanctions comes as diplomatic efforts to end the ongoing conflict remain stalled, and energy prices stay high due to disruptions in oil transport. The U.S. has a long history of imposing sanctions on Iran, targeting its oil income, aviation industry, cryptocurrency activities, and the financing of companies controlled by the Islamic Revolutionary Guard Corps. The latest measures signal a determined effort to isolate Iran economically.