Iran’s currency hit a record low Monday as Washington prepared to announce new sanctions it said would add further pressure on an economy already battered by previous sanctions and a U.S. naval blockade.

Bessent warns nations that ignore the sanctions and help Tehran will 'share in the isolation,' but holds off on announcing secondary sanctions against China, others

It’s “no longer acceptable to operate in the gray spaces” of the conflict, Treasury Secretary Scott Bessent said Monday.