The tension between the US and Iran, which has lasted for several months, still hasn't subsided. Although steps have been taken towards a compromise, the two countries have not yet reached a final agreement, and the US has taken a new step.
In this regard, the US has imposed new sanctions that will further increase economic pressure on Iran. As part of a new campaign announced by Treasury Secretary Scott Bessent, the US aims to sever Iran's global economic ties and also make it clear that third parties trading with Iran may face secondary sanctions.
The Cryptocurrency Sector Also Falls Under Sanctions!
The US Treasury Department announced an expansion of sanctions against Iran, including the cryptocurrency, gold, technology, aviation, and maritime sectors, as part of the 'Economic Isolation' operation.
Secretary of State Scott Bessent stated that the US has launched the 'Economic Isolation' operation to block all avenues of support for Iran, adding: 'Countries supporting any economic ties with the Iranian regime will face harsh US sanctions.'
One of the most notable aspects of the new sanctions strategy at this stage is the explicit inclusion of digital assets and the cryptocurrency ecosystem within the scope of sanctions pressure. The US administration claims that Iran uses digital assets and cryptocurrency platforms to circumvent sanctions and transfer funds outside the international financial system.
The statement says that detailed checks will be conducted through the Office of Foreign Assets Control (OFAC).
The Targets of the Attack Are Approximately 60 Individuals, Organizations, and Ships!
The US Treasury Secretary announced that over 60 individuals, organizations, and vessels worldwide have been added to the new sanctions list.
However, the most striking aspect of these statements was the US's direct warning that sanctions could also affect other countries trading with Iran. It was reported that the US warned of serious sanctions against major financial companies linked to Iran.
China Reacted!
Following the US statements regarding Iran, a noteworthy reaction came from China, one of the world's largest economic powers.
Chinese Foreign Ministry spokesperson Lin Jian stated at a press conference that China-Iran cooperation is carried out within the framework of international law and should not be disrupted by third-party interference.
Jian also warned that the US policy of economic repression could create new risks for the global economic and financial order instead of solving problems.
The Chinese spokesperson also stated that Beijing will take all necessary measures to protect its legitimate rights and interests.
*This is not investment advice.
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