U.S. Expands Sanctions Against Iran, Warns Countries to Cut Financial Ties

The United States has announced an expansion of sanctions against Iran, with Treasury Secretary Scott Bessent stating that countries continuing business ties with Iran risk being excluded from the dollar-based financial system. The Treasury Department unveiled new sanctions on nearly 60 entities, individuals, and vessels, targeting five key sectors: digital assets, gold, technology, aviation, and shipping. Bessent indicated that while a 'cure period' would be provided, compliance would be expected swiftly.