US unveils expanded sanctions aimed at Iran's 'economic asphyxiation'

US Treasury Secretary Scott Bessent says Washington aims to 'sever every economic lifeline' that sustains Iran.

Tehran has threatened to retaliate against any country that joins new US economic measures.

Test of US rhetoric will rest on whether nations such as India, China and Russia view economic threats as credible Tehran has vowed to retaliate against any country that cooperates with the US attempt to impose fresh sanctions against Iran in what the Treasury secretary, Scott Bessent, has billed as “the single greates...

The US on Monday announced an expansion of secondary sanctions it hopes will "sever every economic lifeline" ​that sustains ‌Iran, Treasury Secretary Scott Bessent said at a press conference. The expanded sanctions target Iran's digital assets, technology, gold, aviation and shipping sectors.

Washington launches campaign to isolate Tehran but it is unclear whether it will apply measures to China The US has threatened to impose severe sanctions against any country or entity maintaining economic ties with Iran, hoping to achieve with economic measures what military means have so far failed to do. It is unclea...

As Washington pressures Tehran, Gulf states weigh sanctions against the risk of escalation.