US targets Iran's revenue streams with new sanctions

The US government announced new sanctions targeting Iran's revenue streams, aiming to isolate Tehran from the global economy. Treasury Secretary Scott Bessent outlined the operation's focus on digital assets, technology, gold, aviation, and shipping, but provided no specific measures. Bessent warned that institutions facilitating Iranian money laundering would be excluded from the US dollar system. He also hinted at a major announcement regarding sanctions on a financial institution by the end of this week. The announcement follows weeks of US military strikes against Iran that have shown no visible results. President Trump previously described the planned economic measures as a "D-Day" for Iran, while the conflict has also disrupted oil trade through the Strait of Hormuz.