U.S. unveils new sanctions push to squeeze Iran’s economy
QAMISHLI, Syria (North Press) – U.S. Treasury Secretary Scott Bessent announced on Monday a new sanctions campaign targeting Iran’s economy and warned countries doing business with Tehran they could face secondary sanctions.
Bessent described the initiative as “Operation Economic Outcast” and called it an “economic D-Day,” saying Washington would seek to cut off Iran’s remaining sources of revenue.
The U.S. Treasury also imposed sanctions on about 60 entities linked to Iran, targeting sectors including digital assets, gold, technology, aviation, and shipping, according to Reuters.
Bessent said the United States would not immediately impose penalties on countries that continue doing business with Iran, but warned that such measures could follow.
“There is no ambiguity as to the position of the United States,” Bessent said, warning that any economic engagement with the Iranian government could expose those involved to U.S. sanctions.
Asked whether China would be subject to the initiative, Bessent said no country was exempt, as China remains a major buyer of Iranian oil.
The new measures come as Washington seeks to intensify economic pressure on Tehran amid stalled diplomatic efforts and an ongoing conflict between the United States and Iran.