US widens Iran sanctions as Tehran threatens to halt Gulf oil flows
The United States on Aug. 24 launched a broad economic campaign against Iran, sanctioning nearly 60 entities, individuals and vessels and warning third countries that continued dealings with Tehran could expose them to U.S. measures.
Iran responded by threatening to halt oil exports through the Strait of Hormuz and elsewhere in the Persian Gulf if other countries supported Washington’s campaign.
The Treasury Department said Operation Economic Outcast expanded the scope for secondary sanctions in five sectors: digital assets, technology, gold, aviation and shipping.
Treasury Secretary Scott Bessent said Washington was “entering the endgame” and described the campaign as an “economic D-Day.”
