Key insights
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1
U.S. Treasury threatened financial tracking of Iranian leaders: Scott Bessent said the U.S. Treasury would track funds he said were being wired by Iranian leaders to banks and financial institutions around the world.
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2
Sanctions expanded beyond protest crackdown to alleged shadow banking: The Treasury imposed sanctions on 18 people it accused of laundering proceeds from Iranian petroleum and petrochemical sales through “shadow banking” networks.
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3
U.S. framed the measures as part of a renewed maximum pressure campaign: The action was described as the latest move since Donald Trump restored a “maximum pressure” campaign that includes driving Iran’s oil exports to zero and preventing Iran from developing a nuclear weapon.
Takeaways
The United States sanctioned Iranian officials and additional individuals it accused of repression and financial laundering, while warning it was tracking Iranian leaders’ overseas fund transfers.
Topics
World & Politics Policy & Regulation International Affairs Business & Markets Energy & Commodities Human Rights