US sanctions target Iran's economy and trading partners

The US Treasury announced a new sanctions campaign against Iran on Monday, described as "an economic onslaught" targeting Tehran's economy and trading partners. The measures include setting timelines for other countries to sever economic ties with Iran, threatening unspecified actions for non-compliance, and expanding secondary sanctions to cover digital assets, technology, gold, aviation, and shipping. Nearly 60 entities, individuals, and vessels were sanctioned for enabling Iranian military procurement, cyberattacks, and oil sales. The Treasury also suspended licenses allowing remittance payments and Iranian access to US cultural and academic programs, and identified five tankers as "blocked property" in Iran's shadow fleet. The announcement stopped short of the most punishing sanctions and did not specify target countries or implementation dates.