U.S. Escalates Pressure on Iran With Sweeping New Sanctions
WASHINGTON — The United States has announced a major expansion of economic sanctions against Iran, intensifying pressure on Tehran and warning companies and countries around the world against maintaining business ties with the Iranian government.
U.S. Treasury Secretary Scott Bessent unveiled the new campaign on Monday, calling it “Operation Economic Outcast.” The initiative is designed to target Iran’s financial and trade networks and restrict the country’s ability to generate revenue.
The latest measures target around 60 individuals, entities and vessels connected to Iran. The sanctions also expand pressure across several sectors, including digital assets, gold, technology, aviation and shipping.
Washington Warns Iran’s Business Partners
The Trump administration is also increasing pressure on countries and companies that continue to conduct business with Tehran.
U.S. officials warned that entities helping Iran move money or maintain international financial connections could face further restrictions, including being cut off from the U.S. dollar financial system.
Bessent said the campaign is intended to cut off Iran’s economic lifelines and increase the cost of doing business with Tehran.
Iran Warns of Retaliation
Iran has responded angrily to the new measures, warning that countries supporting the U.S. campaign could face retaliation.
The latest sanctions come amid heightened tensions in the Middle East and continued uncertainty surrounding the Strait of Hormuz, a strategically important route for global energy supplies.
China has also criticized the new U.S. measures, warning that further sanctions could increase tensions and create additional risks for the global economy.
The announcement marks another major escalation in Washington’s campaign to isolate Iran economically as tensions between the two countries continue to rise.
