
US prepares sweeping sanctions to isolate Iran as currency hits record low
US Treasury Secretary Scott Bessent announced upcoming sanctions targeting Iran's economy and trade partners, driving the Iranian rial to a record low.
The United States is preparing to unveil sweeping new sanctions designed to isolate Iran economically and cut off financial access for its commercial partners, according to US Treasury Secretary Scott Bessent.
Under the proposed strategy, Washington intends to exclude foreign institutions and countries facilitating trade or money laundering for Tehran from the global US dollar system. Bessent stated that the goal is "to cut off every economic lifeline that sustains this tyrannical regime, until Tehran stands completely alone." He suggested that intensifying economic pressure could lower the likelihood of future large-scale military actions in the Middle East.
Following statements by US President Donald Trump warning of an "economic D-day," the Iranian rial fell to a record low on unregulated markets, trading at approximately 1.99 million per US dollar on Monday.
Sources: BBC News, Bloomberg, Cyprus Mail, Sweden Herald, The Guardian



