US Expands Iran Sanctions to Target Crypto, Aviation, Gold and Shipping

Treasury Secretary Scott Bessent has revealed a new wave of secondary sanctions targeting Iran’s key revenue sources, including digital assets, technology, aviation, gold, and shipping. The move is part of a wider campaign the administration is calling an economic D-Day, aimed at increasing pressure on Tehran amid the ongoing conflict with the US.

Warning to Global Business Partners

Bessent said the new measures raise sanctions risks for anyone continuing to do business with Iran, adding that Treasury, State Department, and military officials are now working with international partners to set clear deadlines for cutting ties with flagged activities.

Crypto Remains a Major Target

The sanctions include several digital asset addresses, including one tied to an individual accused of controlling a wallet holding over $30,000 in Bitcoin. This follows earlier action in June against Iran’s largest crypto exchange, Nobitex, and previous seizures of nearly $1 billion in Iran linked cryptocurrency.