New US Secondary Sanctions Plan Against Iran

U.S. Treasury Secretary Scott Bessent announced new secondary sanctions targeting international companies, individuals, and vessels in an effort to isolate Iran from global trade networks and sever its economic ties.

Sectors Targeted by Sanctions

U.S. Treasury Secretary Scott Bessent announced on Monday that they are planning a new wave of sanctions to economically isolate Iran.

It was stated that the sanctions within this scope will target international entities that facilitate Iran in areas such as maritime transport, oil, cryptocurrency, gold, and aviation trade.

Global Contacts and Diplomacy

It was reported that President Donald Trump has been holding phone calls with world leaders, making specific requests for them to halt trade with the Iranian regime.

U.S. officials noted that they are conducting quiet diplomacy to inform countries continuing trade with Iran about the consequences, and that those mediating money laundering activities will be cut off from the dollar system.

International Reactions

In the statement made by the Department of the Treasury, it was reported that approximately 60 legal entities, individuals, and vessels facilitating the activities of the Iranian regime—including Chinese citizens—have been added to the sanctions list.

The Chinese side, on the other hand, argued that it is illegal for its citizens to comply with unilateral U.S. sanctions.

Statements from Iran

Iranian Economy Minister Ali Madanizadeh stated that his country is fully prepared for this economic war and that the U.S. will fail in this initiative as well.

Iranian President Masoud Pezeshkian emphasized that the U.S. must abandon its policies of pressure and bullying, stating that the nation will overcome all kinds of pressure in solidarity.