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.”
\n\nThe sanctions will target international entities engaged in facilitating Iranian trade related to shipping, oil, crypto, gold and aviation.
\n\nBessent said President Donald Trump was making phone calls to world leaders with “specific requests” to cease trading with the Iranian regime.
\n\nBessent 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.”
\n\nTreasury announced Monday it is sanctioning nearly 60 corporations, individuals and vessels in multiple jurisdictions that it says enable the Iranian regime’s “recklessness.” That list includes multiple Chinese nationals.
\n\nChina has said it is illegal for its citizens to comply with unilateral U.S. sanctions.
\n\nBessent said the U.S. was engaging in “quiet diplomacy” with Iranian trade partners to warn them of the consequences for continuing to trade with Tehran. Any entity that facilitates money laundering on behalf of Iran will be removed from the U.S. dollar system, he said.
\n\n“No one is above the reach of U.S. sanctions,” Bessent said, adding there…
Original source: https://www.nbcnews.com/business
