U.S. Treasury Imposes New Sanctions on Iran's Digital Assets, Technology, Gold, Aviation, and Shipping Sectors
The U.S. Treasury Department has announced a new wave of sanctions targeting five critical sectors of Iran's economy: digital assets, technology, gold, aviation, and shipping. Treasury Secretary Scott Bessent stated that the objective is to "sever every economic lifeline" that sustains Iran, describing the measures as an "economic D-Day." These sanctions are part of a broader U.S. effort to pressure Iran amid ongoing regional conflicts and economic tensions. The Treasury Department has identified and mapped networks, facilitators, and financial channels Iran uses to smuggle oil and evade existing sanctions. The new measures also include secondary sanctions on nearly 60 entities, individuals, and vessels across multiple jurisdictions, including China, the UAE, Singapore, and France, accused of enabling Iran's activities, such as nuclear and missile technology procurement, cyber operations, and oil-revenue generation. China has expressed strong opposition to these unilateral sanctions, with Foreign Ministry ...