US Treasury imposes new Iran-related sanctions

The Trump administration issued a fresh round of Iran-related sanctions targeting six individuals and four entities, including some tied to China, according to a notice posted on the US Treasury Department’s website.

“Through Economic Fury, the Treasury Department is disrupting the foreign procurement networks that support the Iranian military’s efforts to acquire weapons,” US Treasury Secretary Scott Bessent said in a statement.

“Treasury has frozen the Iranian regime’s assets, severely disrupted its economy, and dismantled the Iranian war machine. Treasury will not tolerate any support of the Iranian military,” Bessent added.