
US moves to detail sweeping economic sanctions against Iran
US Treasury Secretary Scott Bessent outlined plans for strict new sanctions to isolate Iran and cut its entities off from the global dollar system.
US Treasury Secretary Scott Bessent announced that Washington will implement strict new sanctions aimed at isolating Iran and its global trading partners. Speaking at a press conference and in media interviews, Bessent stated the measures intend to remove entities facilitating Iranian money laundering from the international dollar network. He urged foreign allies to support the US campaign, asserting that intensified financial coercion would "squash" the Iranian economy and reduce the necessity for future large-scale military actions in the Middle East. Following the US statements and warnings of an "economic D-day" from President Donald Trump, the Iranian rial dropped 4.5 percent to a historic low of 1.992 million against the US dollar on unregulated markets.
Sources: BBC News, Bloomberg, Cyprus Mail, Sweden Herald, The Guardian


