washington
The US Treasury Department is expected on Monday to broaden the scope of secondary sanctions it can impose on entities and countries that maintain business ties with Iran as the Trump administration seeks to increase economic pressure on Tehran, a source familiar with the plans told.
The action is aimed at giving a final warning to countries to sever their business ties with Iran in an effort to force an end to the nearly six-month conflict that has bottled up the Strait of Hormuz and Gulf energy exports, said the source, who spoke on condition of anonymity due to not being authorised to speak publicly about the matter. Treasury Secretary Scott Bessent is expected to announce more details of the Iran actions in a press conference at 1 p.m. EDT (1700 GMT). The source said Bessent also intended to provide a broader overview of an economic pressure campaign against Iran that he and President Donald Trump have described as an “economic D-Day”, and would make it clear to countries.
