Treasury Secretary Scott Bessent unveiled an economic D‑Day sanction package targeting Iran’s five‑sector revenue streams and 45 ships, warning that any nation maintaining ties will be cut off from the U.S. dollar system, escalating pressure as the maritime conflict enters its sixth month.
Bessent, speaking on Monday, said the Treasury has mapped Iran’s illicit oil, technology, gold, aviation and shipping channels and sanctioned nearly 60 entities, individuals and vessels, while refusing to name specific target countries or an implementation date.
The measures aim to sever Iran’s financial lifelines, prompting markets to watch oil price movements and prompting banks to reassess exposure to Iranian transactions, while allies are urged to cut all dollar‑based dealings and avoid any new exposure.
Iran dismissed the warning, threatening retaliation against any nation that complies, and the United States has not set a concrete date for the sanctions, leaving the enforcement timeline uncertain and raising questions about the speed of implementation.