US Imposes Broad Sanctions on Nearly 60 Iranian-Linked Entities, Demands End to Trade

The US Treasury Department announced extensive sanctions targeting nearly 60 individuals, entities, and vessels connected to the Iranian government. Treasury Secretary Janet Yellen emphasized the administration's firm stance, warning all countries to cease trade relations with Iran or face US sanctions. She delivered a direct message to global leaders, stating they must choose between isolation and prosperity, aligning either with the United States or Iran.

While Yellen did not specify an exact deadline for ending trade with Tehran, she indicated the timeframe would be in the near future. The sanctions focus on five key sectors: technology, digital assets, gold, aviation, and maritime transportation. Additionally, the US revoked general licenses that previously allowed certain compensation payments to Iran.

The sanctions target a shadow fleet of vessels operating out of the United Arab Emirates, China, Singapore, Switzerland, and Europe, aiming to disrupt Iran's trade and financial networks. This move signals a significant escalation in US efforts to pressure Iran economically and diplomatically.