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US Treasury Sanctions Nearly 60 Iran-Linked Entities in Sweeping Economic Offensive Targeting Oil, Nukes, Cyber and Digital Assets
Treasury Secretary Scott Bessent unveiled what he called the single greatest financial offensive ever against Iran on August 24, sanctioning nearly 60 entities, individuals and vessels across Iran's nuclear, missile, cyber and oil networks. Bessent described the action as an economic D-Day and said the US will take a zero leakage approach, targeting five key sectors: digital assets, technology, gold, aviation and shipping. Any entity facilitating money laundering for Iran risks being cut off from the US dollar system entirely.
Countries have been given timelines to wind down identified activities with Iran, and Bessent issued an explicit warning to China-linked entities, saying no one is above the reach of US sanctions. The measures expand secondary sanctions, forcing trading partners to choose between doing business with Tehran and retaining access to the dollar-based financial system. Trump separately contacted world leaders to press for deeper economic isolation of Iran, which dismissed the threat as an implicit admission of defeat.
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- Unusual_WhalesBREAKING: The U.S. Treasury is preparing to expand secondary sanctions on countries and companies doing business with Iran, forcing trading partners to choose between Tehran and access to the dollar-based financial system, per FT
- Zerohedge*BESSENT TO UNVEIL IRAN SECONDARY SANCTIONS DETAILS: FOX *BESSENT TO GIVE FINAL WARNING TO CUT ECONOMIC TIES W/IRAN: FOX
- ReutersHere’s a look at how Iran could respond to economic pressure after US threats to impose ‘the toughest sanctions in history’
- BarronsU.S. to Unveil New Iran Sanctions in ‘Economic D-Day.’ What to Expect.
- FaststocknewssUS TREASURY SANCTIONS NEARLY 60 IRAN-LINKED ENTITIES, PEOPLE AND VESSELS The action spans nuclear, missile, cyber and oil networks, and targets a network of broker companies and shadow fleet vessels across the United Arab Emirates, Hong Kong, China, Singapore, Switzerland and Europe. - Five sectors flagged for potential secondary sanctions: digital assets, technology, gold, aviation and shipping - General licenses that allowed some remittance payments to Iran are suspended The measures follow Trump's announcement last week of what he called an "ECONOMIC D-DAY" against Iran, in which he warned that any country whose financial institutions, businesses, airports or government entities provide a lifeline to Iran would face consequences.
- CNBCLIVE: Treasury Sec. Scott Bessent holds a press conference to announce Iran sanctions
- BusinessUS Treasury Secretary Scott Bessent is holding a press conference on fresh economic measures against Iran. Follow our live blog coverage
- RapidResponse47. @SecScottBessent : "Today, at President Trump's direction, the United States Treasury has begun Operation Economic Outcast... Our objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone."
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- SamdagherU.S. Treasury just launched what it’s calling “Operation Economic Outcast” against #Iran . Scott Bessent said every Bank Melli Iran around the world must be shuttered. He said there would a “zero leakage approach”
- DeItaone*BESSENT ON CHINA-IRAN: NO ONE IS ABOVE REACH OF US SANCTIONS
- WallstengineU.S. TARGETS FIVE KEY IRAN SECTORS IN NEW SANCTIONS PUSH Treasury Secretary Scott Bessent says the U.S. will take a “zero leakage” approach to Iran sanctions, targeting digital assets, technology, gold, aviation and shipping. Any entity facilitating money laundering for Iran could be cut off from the U.S. dollar system, while countries have been given timelines to wind down identified activities. Bessent also warned that “no one is above the reach” of U.S. sanctions, including entities tied to China, as Trump calls world leaders to push for deeper economic isolation of Iran.
- AJENewsBREAKING: US Treasury sanctions nearly 60 Iran-linked entities, people and vessels across nuclear, missile, cyber and oil networks. LIVE updates:
- StaunovoAsked about the interest in targeting Chinese banks, Bessent largely sidesteps the question, while insisting the US will not tolerate sanctions leakage. The Trump administration is “level-setting” with every other country to make clear the US won’t tolerate support for the Iranian regime. The message, Bessent says, is that “no one is above the reach of US sanctions:” “If they facilitate transactions and are part of the ecosystem that turns Iranian oil into money, into repression, they will be targeted.”
- CointelegraphJUST IN: U.S. Treasury Secretary Scott Bessent said every country supporting Iran should be prepared to face U.S. sanctions.
- FirstSquawkTHE U.S. TREASURY HAS SANCTIONED NEARLY 60 IRAN-LINKED ENTITIES, PEOPLE AND VESSELS ACROSS NUCLEAR, MISSILE, CYBER AND OIL NETWORKS, AND SUSPENDED GENERAL LICENSES THAT ALLOWED SOME REMITTANCE PAYMENTS TO IRAN.
- YahooFinanceTreasury Secretary Bessent tells @Jenniferisms "no one is above" US sanctions for assisting Iran.
- AshCryptoBREAKING: US Treasury Secretary Bessent says anyone who helps Iran with money laundering, will be removed from the US Dollar system.
- Seeking AlphaOil prices remain lower as Bessent outlines Iran sanctions plan, signals China not exempt
- RedboxWireBESSENT: THE U.S. IS ESCALATING ITS “ZERO-LEAKAGE” IRAN SANCTIONS STRATEGY. • NEARLY 60 IRAN-LINKED ENTITIES, PEOPLE AND VESSELS SANCTIONED ACROSS OIL, NUCLEAR, MISSILE AND CYBER NETWORKS. • SECONDARY SANCTIONS RISKS EXPANDED TO DIGITAL ASSETS, TECHNOLOGY, GOLD, AVIATION AND SHIPPING. • COUNTRIES WILL HAVE FINITE DEADLINES TO SHUT DOWN IDENTIFIED IRAN-RELATED ACTIVITIES. • THE U.S. WILL BLOCK DOLLAR ACCESS FOR ENTITIES LAUNDERING IRANIAN FUNDS. • NO COUNTRY — INCLUDING CHINA — IS EXEMPT FROM U.S. SANCTIONS.
- BbcIran faces 'greatest financial offensive ever', says US treasury secretary
- The BlockUS escalates Iran pressure with sanctions on crypto, aviation, shipping and gold as part of ‘economic D-Day’