Treasury Secretary Announces New Sanctions on Iran to Isolate It Further
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Treasury Secretary Scott Bessent announced plans for a wave of new sanctions Monday aimed at further isolating Iran, after threatening the Islamic Republic with “an economic D-Day.”
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Washington ExaminerTreasury Secretary Scott Bessent will announce the increased sanctions, labeled as an “economic D-Day,” on Monday. The move is meant to pressure Iran to either capitulate or begin negotiating in good faith.
NPR NewsTreasury Secretary Scott Bessent is expected to unveil a new round of economic sanctions on Iran on Monday, in what he has described as the "single greatest financial offensive ever."
The Daily WireTreasury Secretary Scott Bessent on Monday launched “Operation Economic Outcast,” a campaign to cut Iran off from the global economy and punish governments, banks, and companies that continue doing business with Tehran.
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Bessent told reporters at a Monday press conference that the sanctions will target Iran’s ability to exploit “digital assets, technology, gold, aviation, and shipping.”
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The Daily WireThe first round of measures targets five sectors Bessent called vital Iranian lifelines: digital assets, technology, gold, aviation, and shipping.
NBC NewsThe sanctions will target international entities engaged in facilitating Iranian trade related to shipping, oil, crypto, gold and aviation.
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In an editorial for the Financial Times published overnight, Bessent wrote, "our objective is to sever every economic lifeline that sustains the tyrannical regime until Tehran stands alone." He appeared to reference countries that still trade with Iran, saying they should "consider the consequences of doing so."
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Washington Examiner“The world should understand that our objective is to sever every economic lifeline that sustains the tyrannical regime until Tehran stands alone,” he wrote. “As a great wave of American resolve comes ashore, are Iran’s enablers willing to wager their future against it?”
The Daily Wire“Our objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone,” Bessent said. “President Trump has taken action that his predecessors have long deferred, and under his leadership, America is no longer managing the Iranian threat; we are ending it.”
NBC NewsBessent 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.”
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The U.S. has for decades imposed direct sanctions on Iran and any businesses involved in prohibited activities like weapons procurement. But Iran has, in many cases, successfully evaded the sanctions by standing up new front companies.
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NPR NewsThe U.S. already has extensive sanctions on Iran, some stretching back almost 50 years, and as recently as June had imposed further penalties for entities that helped Iran evade existing financial restrictions. There has also been a months-long U.S. naval blockade of Iran, which has cut off most goods to Iran from the outside world.
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Since the U.S. and Israel launched their war on Iran nearly six months ago, Iran has attacked U.S. bases in Jordan and Gulf countries including the United Arab Emirates, Kuwait and Saudi Arabia. Several have led to serious injuries and fatalities.
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NBC NewsIt’s been nearly six months since the U.S. and Israel attacked Iran on the premise of preventing it from obtaining a nuclear weapon.
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“The largest financial offensive in history and the mobilization of all U.S. agencies and authorities have become necessary,” Iranian Deputy Foreign Minister Kazem Gharibabadi wrote on social media. “Is this a victory or an admission of U.S. defeat?”
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NBC NewsAhead the speech, the country’s Deputy Foreign Minister Kazem Gharibabadi also posted on X to question whether Bessent’s plan was “an admission of America’s defeat?” Referencing previous American claims that Iran’s military capabilities had been destroyed, he said that “dealing with this very Iran has required the ‘largest financial offensive in history’ and the mobilization of ‘all of America’s institutions and authorities.’”
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The administration signaled ahead of Monday’s announcement that it was preparing to expand its pressure campaign beyond Iranian entities themselves and increasingly target the countries and foreign financial institutions doing business with Iran.
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The Daily WireThe campaign marks a significant escalation in Washington’s pressure on Tehran. Rather than focusing solely on Iranian entities, the administration is threatening the international banks, companies, and governments that help keep Iran connected to the global financial system.
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A source familiar told the Washington Examiner the U.S. has “mapped Iran’s oil-smuggling and sanctions-evasion network” to ensure the secondary sanctions are as effective as possible. The Treasury Department plans to issue the sanctions in waves, with an initial list of countries targeted immediately. Countries not initially targeted by Monday’s penalties but engaging in economic activity benefiting Iran will be given time to cut ties before penalties are imposed.
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The Daily WireBessent said the Treasury has mapped the networks Iran uses to smuggle oil and evade sanctions and will pursue a “zero-leakage approach” to cutting off those channels. The administration is giving countries and entities a chance to shut down activities identified by Washington, but Bessent warned that the window will be short.
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Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
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01 NBC News He said President Donald Trump was making phone calls to world leaders with “specific requests” to cease trading with the Iranian regime.
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02 Washington Examiner The Trump administration rolled out a broad new sanctions package targeting Iran’s aviation, digital asset, gold, shipping, and technology sectors. It also named roughly 60 individuals, entities, and vessels accused of propping up Iran’s war machine through illicit commerce and sanctions evasion.
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03 NPR News President Trump has called it an "economic D-Day" and pledged to go after other countries who extend an economic lifeline to Tehran.
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04 The Daily Wire “No one is above the reach of U.S. sanctions,” Bessent said when asked whether Chinese banks could eventually be targeted.
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