business 🚨 US hits 60 entities with new Iran sanctions
The United States announced sweeping new economic sanctions against Iran and its trading partners to increase economic pressure. US Treasury Secretary Scott Bessent declared this campaign as the "economic asphyxiation" of Iran amid the diplomatic deadlock. The measures target nearly 60 entities and individuals across the Middle East, China, Singapore, and Europe. These sanctions focus on sectors like digital assets, technology, and shipping, targeting networks aiding Iran’s oil and weapon procurement. Iran has rejected these sanctions, asserting they cannot achieve their goals by severing the country's economic arteries. ⛽