The Trump administration on Monday broadened its sanctions campaign against Iran and threatened foreign governments and companies with new penalties if they continue doing business with Tehran, as the U.S. seeks to cut off the country from the global economy after months of war.
Treasury Secretary Scott Bessent announced sanctions that target digital assets, technology, gold, aviation and shipping. The administration also sanctioned more than 60 entities, individuals and vessels it says helped Iran generate oil revenue, obtain nuclear and missile technology and conduct cyber operations.
Bessent said countries and companies are being given individual deadlines to end Iran-related activity identified by the U.S. He would not specify the dates but warned Washington would move quickly against those that do not comply.