- Treasury announced Monday it is sanctioning nearly 60 corporations, individuals and vessels in multiple jurisdictions that it says enable the Iranian regime's 'recklessness'.
- Bessent said the U.S. was launching an 'economic onslaught' against Iran's financial connections 'around the globe' in order to 'sever every economic pipeline' used by Iran 'until Tehran stands alone.'
- Bessent said President Donald Trump was making phone calls to world leaders with 'specific requests' to cease trading with the Iranian regime.
- Bessent threatened new Iran secondary sanctions, saying Trump is asking world leaders to cooperate.
- Bessent said the U.S. was engaging in 'quiet diplomacy' with Iranian trade partners to warn them of the consequences for continuing to trade with Tehran.
- Any entity that facilitates money laundering on behalf of Iran will be removed from the U.S. dollar system, he said.
- 'No one is above the reach of U.S. sanctions', Bessent said, adding there was now a 'cure period' for nations to end the targeted relations with Iran.
Treasury Secretary Scott Bessent unveiled a new wave of sanctions on Monday, targeting nearly 60 entities to further isolate Iran economically. This move comes as President Donald Trump actively engages world leaders, urging them to cease trade with the Iranian regime. Bessent described the sanctions as part of an “economic onslaught” aimed at severing Iran's financial connections globally, stating, “No one is above the reach of U.S. sanctions.”
The sanctions will focus on international entities involved in facilitating Iranian trade across various sectors, including shipping, oil, crypto, gold, and aviation. Bessent emphasized that any entity aiding in money laundering for Iran would be removed from the U.S. dollar system. He also mentioned that the U.S. is engaging in “quiet diplomacy” with Iranian trade partners to warn them of the repercussions of continuing their relations with Tehran.6
Bessent's remarks included a stark warning of an impending “economic D-Day” for Iran, indicating that the U.S. aims to “sever every economic pipeline” used by the regime until it stands alone. The Treasury's actions reflect a broader strategy to counter Iran's perceived recklessness and to ensure compliance with U.S. sanctions globally.
“The sanctions target international entities facilitating Iranian trade in shipping, oil, crypto, gold, and aviation, with any entity aiding money laundering removed from the U.S. dollar system. Bessent warned of a 'cure period' for nations to end targeted relations, saying 'No one is above the reach of U.S. sanctions.'”
