US Treasury set to widen Iran secondary sanctions net
US Treasury to broaden secondary sanctions on Iran, pressuring countries to cut business ties or face financial isolation.
The US Treasury is preparing to widen the scope of secondary sanctions against Iran, targeting entities and nations that maintain commercial links with Tehran. The move, expected to be announced on Monday, is part of an intensified economic pressure campaign by the Trump administration.
A source familiar with the plans said the action is intended as a final warning to countries to sever business ties with Iran. The goal is to force an end to the nearly six-month conflict that has disrupted shipping through the Strait of Hormuz and Gulf energy exports.
Treasury Secretary Scott Bessent is scheduled to detail the new measures at a 1 p.m. EDT press conference. He is also expected to outline the broader economic strategy against Iran, which President Donald Trump and he have described as an "economic D-Day."
The message to other nations is clear: align with the US or risk having key companies and entities cut off from the dollar-based financial system. The expanded sanctions are designed to increase pressure on Tehran while compelling countries to choose sides in the ongoing standoff.