US Unveils New Iran Sanctions Targeting Oil and Networks

The US Treasury announced a broad sanctions campaign targeting Iran's economy. The measures focus on oil networks, military procurement, and entities facilitating trade.

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U.S. Treasury Secretary Scott Bessent speaks during a press conference to outline further sanctions against Iran, at the Treasury Department in Washington, D.C., U.S., August 24, 2026. REUTERS/Evelyn Hockstein

United States Treasury Secretary Scott Bessent announced a sweeping economic campaign against Iran on Monday, targeting nearly 60 entities, individuals, and vessels. The measures combine secondary sanctions on foreign trading partners with restrictions on digital assets and commodities.

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