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US Treasury: 'Will Continue Blockade of Iranian Ports' to Pressure Regime

US Treasury: 'Will Continue Blockade of Iranian Ports' to Pressure Regime

From Dong-A Ilbo · (1d ago) Korean Critical tone

Translated from Korean, summarized and contextualized by DistantNews.

TLDR

  • The U.S. Treasury Department announced it will continue its maritime blockade of Iranian ports, reinforcing economic and military pressure on Iran.
  • Secretary of the Treasury Scott stated that restricting Iran's maritime trade directly targets the regime's primary revenue sources.
  • The U.S. also sanctioned 14 individuals and entities involved in Iran's weapons and supply chain procurement, including those supplying drone parts to the Islamic Revolutionary Guard Corps (IRGC).

Washington D.C. – The United States is intensifying its economic pressure on Iran, with the Treasury Department confirming its continued maritime blockade of Iranian ports. This move is part of a broader strategy to curb the Iranian regime's financial capabilities and influence, particularly concerning its nuclear program and regional activities.

As the President has made clear, the U.S. Navy will continue the blockade of Iranian ports.

— ScottU.S. Treasury Secretary Scott confirmed the continuation of the maritime blockade on Iranian ports.

Treasury Secretary Scott reiterated the U.S. commitment to this policy, stating via X that "as the President has made clear, the U.S. Navy will continue the blockade of Iranian ports." He emphasized that "restricting Iran's maritime trade directly targets the regime's primary revenue sources." This strategy, dubbed "Operation Economic Fury," aims to systematically weaken Iran's ability to generate, move, and access funds, thereby compelling the regime to negotiate and make concessions on critical issues.

Restricting Iran's maritime trade directly targets the regime's primary revenue sources.

— ScottSecretary Scott explained the strategic rationale behind the maritime blockade.

In conjunction with the blockade, the U.S. Treasury also imposed sanctions on 14 individuals and entities implicated in Iran's procurement of weapons and related supply chains. Notably, these sanctions target individuals connected to an electronics company that supplied drone components to the Islamic Revolutionary Guard Corps (IRGC). This action underscores the U.S. effort to disrupt Iran's military buildup and its support for regional proxy groups.

The Treasury Department will continue maximum pressure through 'Economic Fury' to systematically weaken Iran's ability to generate, move, and access funds.

— ScottSecretary Scott detailed the Treasury's strategy to undermine Iran's financial capabilities.

The Wall Street Journal noted that the White House hopes this "maximum pressure" campaign will "bring the Iranian regime to the negotiating table" and force concessions. From a U.S. perspective, this approach is a calibrated effort to avoid direct military conflict while still exerting significant leverage. The focus on financial and trade restrictions aims to cripple the regime's economic base without resorting to broader military engagement, a strategy that aligns with current U.S. foreign policy objectives in the region. The effectiveness of these measures will be closely watched, as Iran's response and its ability to circumvent sanctions will determine the ultimate impact.

Individuals or vessels supporting these flows through illicit trade or finance risk U.S. sanctions.

— ScottSecretary Scott warned of sanctions against those facilitating Iran's financial activities.
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Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.