US Treasury Threatens Sanctions on Iran’s Economic Partners

The US Treasury is threatening new, strict sanctions against countries maintaining economic ties with Iran, opting for "quiet diplomacy" with firm deadlines before enforcement. Despite President Trump and Treasury Secretary Scott Bessent's promises of a sweeping "economic D-Day," Washington avoided immediate major sanctions, instead expanding Iran-related activity frameworks and pressuring allies. Bessent stated they inform each country individually of expectations, noting "the clock has started ticking." Under "Operation Economic Exclusion," the US has mapped Iran's oil smuggling networks, targeting financial institutions, shipping, and digital assets. Washington suspended general licenses for remittances to Iran, while Trump makes targeted calls to foreign leaders demanding full severance of ties with Tehran.