US Prepares New Iran Sanctions Amid Escalating Tensions
The United States is preparing to impose new sanctions on Iran, escalating economic pressure in a conflict that has lasted nearly six months.
Treasury Secretary Scott Bessent will detail the measures Monday at 2 p.m. EDT, describing them as an 'economic D-Day' aimed at cutting Tehran off from its remaining sources of revenue.
Mohsen Rezaei, secretary of Iran's Supreme National Security Council, warned that countries participating in or supporting the US campaign could be treated as taking part in an act of war.
The sanctions are expected to focus on Iranian oil sales, banking channels, transportation networks, and foreign trading partners. This is significant because one-fifth of global oil supplies move through the Strait of Hormuz, a crucial waterway that connects the Persian Gulf to the Arabian Sea.