US targets digital assets, aviation, shipping, gold for Iran sanctions

Bessent emphasized that any economic engagement with Iran would expose those involved to the "full reach of American power," warning that "no one is above the reach of U.S. sanctions." The campaign is described as a "zero-leakage" approach to block revenue sources for the regime and the Islamic Revolutionary Guard Corps (IRGC).

In conjunction with the broader sanctions risk, the U.S. Treasury sanctioned nearly 60 entities, individuals, and vessels across multiple jurisdictions involved in Iran's illicit nuclear and missile technology procurement, cyber operations, and oil-revenue generation. Several general licenses previously authorizing certain remittance payments to Iran and access to the U.S. cultural and academic system were suspended. Additionally, guidance was issued on sanctions risks associated with Iranian demands related to shipping in the Strait of Hormuz.