U.S. Treasury to expand secondary sanctions on Iran business partners

Published Aug 24, 02:18 PM UTC

The U.S. Treasury is preparing to broaden secondary sanctions against countries and companies that conduct business with Iran, according to a report from the Financial Times. This escalation would compel international trading partners to make a stark choice: continue commercial ties with Tehran or retain access to the dollar-based global financial system. The move represents a significant tightening of U.S. economic pressure on Iran, potentially disrupting trade relationships and financial flows. By threatening to cut off dollar access, the Treasury aims to isolate Iran further from the international economy, impacting nations and firms that have maintained business dealings despite existing sanctions. The policy shift signals a more aggressive stance from Washington in its ongoing confrontation with Iran, with broad implications for global trade and geopolitical alliances.