
US prepares strict sanctions on Iran as rial hits historic low
US Treasury Secretary Scott Bessent announced new financial sanctions against Iran, urging international allies to isolate Tehran as the Iranian rial dropped to a record low.
US Treasury Secretary Scott Bessent announced forthcoming sanctions aimed at completely isolating Iran's economy and removing foreign institutions assisting Tehran from the global US dollar system. Speaking following President Donald Trump's warning of an "economic D-Day," Bessent stated that intensifying financial pressure is intended to collapse the Iranian regime while potentially reducing the necessity for future large-scale military engagements.
Bessent called on international partners to support Washington's measures, declaring that nations must choose their alignment. Following the announcements, Iran's rial dropped to a record low against the US dollar on informal currency markets.
Sources: BBC News, Bloomberg, Cyprus Mail, Sweden Herald, The Guardian



