US Hits Iran with 'Economic D-Day' Sanctions
The Trump administration has launched a sweeping new sanctions wave against Iran, targeting both the country and its trade partners in what officials describe as a major escalation.
The new measures are designed to cut off key revenue streams and isolate Iran from global markets. The administration said the sanctions will penalize any foreign company or nation that continues to do business with Iran’s oil, banking, or shipping sectors [226966].
US Treasury Secretary Scott Bessent issued a direct warning to countries and companies still trading with Tehran: end those ties now, or face American penalties. “Our goal is to cut off every economic lifeline to Iran,” Bessent said in a statement [226781].
The move follows months of rising tensions between Washington and Tehran. The administration argues the sanctions are necessary to curb Iran’s nuclear program and regional influence, though critics warn the action could disrupt global oil supplies and strain relations with key allies [226966].
The Treasury did not specify how much time will be given for compliance, but made clear that non-compliance will result in penalties. The warning targets both foreign governments and private firms, especially those in the oil and banking sectors [226781].
The full scope of the sanctions will take effect in the coming weeks. The administration said it will monitor compliance and is prepared to enforce the measures strictly [226966].