US Imposes New Sanctions on Iran Amid Rising Tensions

On Monday, the United States announced a new round of economic sanctions against Iran, as part of a strategy to isolate Tehran and disrupt its financial and commercial networks. US Treasury Secretary Scott Bessent stated that the administration is launching an “economic onslaught” to cut off Iran’s economic pipeline.

He warned countries and entities that continue business with Iran could face punitive actions from the US. President Donald Trump is reportedly contacting world leaders to halt trade with Iran.

The sanctions target international entities involved in Iranian trade across sectors like shipping, oil, cryptocurrency, gold, and aviation, affecting nearly 60 corporations, individuals, and vessels. Some Chinese nationals are included in the sanctions list, which may heighten tensions between Washington and Beijing.

Bessent asserted that no entity is beyond the reach of US sanctions. In response, Iran's Economy Minister Ali M stated that the country is prepared for an economic war against the US measures.