US Sanctions on Iran Called a Warning Shot

The United States announced new sanctions against Iran and its trading partners on Monday, with Treasury Secretary Scott Bessent describing the measures as a "warning shot." The sanctions target five sectors including cryptocurrency, technology, gold, aviation, and shipping, and blacklist nearly 60 companies, individuals, and ships. Bessent said the goal is to cut off all economic lifelines until Iran stands alone, but he delayed punishing countries that maintain business ties with Tehran, giving them a chance to change behavior. Major Iranian trading partners include China, the UAE, and Turkey, though Bessent did not name them specifically. The operation, dubbed "Economic Outcast," was previously touted as the toughest sanctions in history. Iran has threatened to halt Gulf oil exports and warned of consequences for countries cooperating with US pressure. Pakistan's army chief arrived in Tehran Monday for mediation efforts.