- The U.S. Treasury is expected to broaden the scope of secondary sanctions it can impose on entities and countries that maintain business ties with Iran, as the Trump administration seeks to increase economic pressure on Tehran.
- The action is aimed at giving a final warning to countries to sever their business ties with Iran in an effort to force an end to the nearly six-month conflict that has bottled up the Strait of Hormuz and Gulf energy exports.
- U.S. Treasury Secretary Scott Bessent is expected to announce more details of the Iran actions on Monday at a 1 p.m. EDT (1700 GMT) press conference.
- Bessent also intended to provide a broader overview of an economic pressure campaign against Iran that he and President Donald Trump have described as an "economic D-Day", and would make it clear to countries that they must side with the U.S. or risk having key companies and entities cut off from the dollar-based financial system.
The U.S. Treasury is set to broaden secondary sanctions targeting entities and nations that maintain business ties with Iran, as part of a strategy to increase economic pressure on Tehran. This initiative, described as an ‘economic D-Day’ by Treasury Secretary Scott Bessent, aims to compel countries to sever their connections with Iran.124
Bessent will provide further details during a press conference scheduled for 1 p.m. EDT on Monday. The sanctions are intended as a final warning to nations, emphasizing the need to align with U.S. policies or face exclusion from the dollar-based financial system.3
According to a source familiar with the plans, the sanctions are part of a broader economic pressure campaign aimed at resolving the ongoing conflict that has disrupted the Strait of Hormuz and affected Gulf energy exports. The source, who requested anonymity, indicated that the measures are designed to force an end to the nearly six-month standoff.
Bessent's announcement is expected to clarify the implications for countries that do not comply, reinforcing the U.S. stance on Iran and its economic activities.
“The sanctions aim to deliver a final warning to countries to sever business ties with Iran, targeting the nearly six-month conflict that has disrupted Strait of Hormuz and Gulf energy exports. Countries must side with the U.S. or risk being cut off from the dollar-based financial system.”
