US sanctions Iran's key revenue sources, warns China not exempt

The United States announced new secondary sanctions targeting Iran's five key revenue sources: digital assets, technology, gold, aviation, and maritime shipping. Treasury Secretary Scott Bessent stated no country, including China, is exempt from these measures. The sanctions target over 60 entities, individuals, and vessels worldwide that allegedly help Iran acquire nuclear and missile technology, conduct cyber operations, and generate oil revenue. Bessent warned that any economic relationship with Iran would expose violators to the full extent of American power. Iran's foreign ministry warned of "consequences" for countries joining the US pressure campaign. The announcement comes amid ongoing conflict between the US, Israel, and Iran, with Tehran's currency trading at over 2 million rials per dollar on the black market.