US Treasury Secretary Scott Bessent on Monday announced what Washington described as unprecedented economic sanctions targeting Iran, saying the measures are aimed at cutting off the financial channels that support Tehran.
Speaking at a press conference, Bessent said the US would target Iran's economic lifelines and warned countries and entities continuing to engage with Tehran that they could face consequences under the new measures.
“Around the globe, our objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone,” Bessent said.
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