The Treasury Department said Monday that the Trump administration is expanding “secondary sanctions exposure for those who continue doing business with the Iranian regime and will accelerate the pace of U.S. enforcement.”
U.S. Treasury unveils new sanctions on entities that do business with IranTreasury secretary Scott Bessent announced secondary sanctions on entities and countries that maintain business ties with Iran.
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«Every country will be given a defined timeline to shut down the Iran-related activity we have identified. If they fail to act, Treasury will act,» the Treasury Department said in a statement.
In a statement, Treasury Secretary Scott Bessent compared these actions with D-Day from WWII, saying, “in that same spirit, we are launching an economic onslaught against Iran’s financial connections around the globe.” Bessent said the goal is to “sever every economic lifeline” that sustains Iran.
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A money exchanger counts Iranian banknotes at Ferdowsi square, Tehran’s go-to venue for foreign currency exchange, in downtown Tehran, Iran, Aug. 24, 2026.
Vahid Salemi/AP Photo
Those who tether themselves to Tehran should expect to share in the isolation of a withering regime,” Bessent added.
«Every country, every entity should know that they should be prepared to face U.S. sanctions,» Bessent said in remarks on Monday. «And no one is above this — we are going to hold everyone accountable. And this is the economic asphyxiation of this regime.»
«The reason we are able to use secondary sanctions is because we do not take their use lightly — so we believe that a warning shot and a level set of expectations is appropriate,» Bessent said.
-ABC News’ Michelle Stoddart
