Iran sanctions

US campaign to cripple Iran's economy risks falling short without global partners, experts say

Washington Institute experts warn that the economic campaign on Iran needs stronger international sanctions coordination and counterterrorism cooperation to disrupt Iran's financial networks.

US Treasury Secretary Scott Bessent announces a new set of sanctions against Iran, describing them as "an economic D-Day", in the Cash Room at the Treasury Department on August 24, 2026 in Washington, DC.
Vessels near the Strait of Hormuz, as seen from Musandam, Oman, August 31, 2026.

Iran's floating oil reserves, used for China sales, completely depleted, analysts say - report

An oil tanker docked at the Port of Fujairah, as the US-Israel conflict with Iran limits marine traffic in the Strait of Hormuz, in Fujairah, United Arab Emirates, May 6, 2026.

Iran manages to ship some gas, jet fuel despite US blockade, sanctions, data shows

A member of a police force stands guard on a street, amid the U.S.-Israeli conflict with Iran, in Tehran Wednesday, 1st April 2026

US, UK among 29 countries condemning Iranian hybrid attacks, state-sponsored violence in West


Russian VTB Bank sactioned for Iran deals bypassing US sanctions, Treasury announces

Already cut off from the dollar system over Russia's invasion of Ukraine, VTB now faces Iran-related sanctions that Treasury officials said could expose foreign banks and businesses to penalties.

 The logo of VTB bank is seen on the bank's headquarters in Tehran, Iran, May 23, 2023.

Iran dodges sanctions using barter system to buy billions of dollars of Chinese goods

The secretive trade mechanism, in which Iranian oil is exchanged for credits for Chinese imports, has provided a financial lifeline for Tehran in recent years.

An illustration of a handshake over the backdrop of a Chinese and Iranian flag.

Iran's government to raise fuel price for heavy users

Iran will raise the prices of gasoline for anyone using over 110 liters per month to address the energy crisis caused by its war with the US and Israel.

Illustration shows U.S. and Iranian flags, 3D printed oil barrels and rising stock graph

US sanctions Turkish bank, two subsidiaries in bid to increase economic pressure on Iran

The sanctions put the financial entities on the US Treasury's OFAC Specially Designated Nationals list as part of US President Donald Trump's campaign to increase economic pressure on Tehran.

A general view of the Treasury Building on day two of a partial government shutdown in Washington, DC, US, February 1, 2026.

Bessent: Iran in 'death throes,' US allies will support efforts to economically 'asphyxiate' IRGC

The operation has been met with "a great show of support," Bessent told reporters. "What I can tell you is many of our allies came forward and said we will do whatever is necessary."

US Treasury Secretary Scott Bessent speaks during a press conference, as finance ministers and central bank governors from G20 countries meet in Asheville, North Carolina, US, September 1, 2026.

Trump declares Iran ‘officially a failed nation,’ says US will respond to strikes on Jordan

In reference to the killing of anti-regime protestors, Trump claimed that over 100,000 have been killed and asserted that the regime in Tehran must be tried for war crimes.

US President Donald Trump speaks after signing an executive order that aims to rename Lake Ontario to Lake America in the Oval Office of the White House in Washington, DC, on August 27, 2026.

Bessent expects new US secondary sanctions weekly, aiming to increase pressure on Iran

"You're going to see a lot more of these every week," Bessent said ahead of a Group of 20 finance leaders meeting. "We're starting with the banks, and we're telling the banks it's not okay to have Ir

US Treasury Secretary Scott Bessent stands behind U.S. President Donald Trump who speaks to the media on the day of a NATO leaders' summit in Ankara, Turkey, July 8, 2026.

IDF Chief Zamir meets with US Air Force Chief Wilsbach to discuss Iran, regional issues

Their meeting comes as US President Donald Trump shifts from military to economic threats against the regime.

IDF Chief of Staff Lt.-Gen. Eyal Zamir meets US Air Force Chief Gen. Kenneth S. Wilsbach at the IDF's Kirya headquarters in Tel Aviv, August 23, 2026.

Iran economic sanctions leading to extremist regime elements gaining power, dissident says - report

"Under President Trump, the Treasury Department will continue to cut off every economic lifeline sustaining this regime, until Tehran is left completely alone," Treasury Secretary Scott Bessent said.

US Secretary of the Treasury Scott Bessent takes questions from reporters as he speaks during a press conference in Washington, DC on August 24, 2026. Bessent, in a column for the Financial Times, declared that an "economic D-Day" had begun against Tehran on Monday.

US halts Iran strikes 'for time being,' as focus shifts to economic sanctions, Rubio says - report

Operation Economic Outcast was announced on Monday by US Treasury Secretary Scott Bessent, following earlier threats of an "economic D-Day" against the regime.

US Secretary of State Marco Rubio speaks during a cabinet meeting at Camp David in Thurmont, Maryland, US, July 31, 2026.