US Targets Iran's Global Financial Networks With New Sanctions
US Treasury Secretary Scott Bessent announced a new campaign of economic pressure against Iran, vowing to sever its financial connections globally. The measures target five sectors including digital assets, technology, gold, aviation, and shipping, with sanctions on nearly 60 entities. Bessent warned third countries of uncompromising action against any source of Iranian revenue and said each nation would receive a timeline to halt identified Iran-related activity. The announcement follows months of US-Israeli conflict with Iran that disrupted oil shipments through the Strait of Hormuz. Economist Mehdi Ghodsi expressed doubt that sanctions would force political change, saying the Iranian government remains stubborn despite significant damage.