Foreign Relations

Bessent Says Iran’s Trading Partners Get Cure Period Before Secondary Sanctions

Published

Courtroom-sketch editorial illustration of U.S. Treasury Secretary Scott Bessent in a gray suit gesturing with both hands during an outdoor press conference, drawn in warm ochre and slate-blue pastel with cross-hatching on sepia newsprint.

U.S. Treasury Secretary Scott Bessent said trading partners linked to Iran will receive a brief cure period before Washington imposes secondary sanctions under Operation Economic Outcast. He said partners would be allowed to remedy their conduct, while warning that the process would move quickly and U.S. patience was not infinite. Treasury said every country now has a defined timeline to end identified Iran-related activity, and OFAC designated more than 60 entities, people and vessels. The new measures cover digital assets, technology, gold, aviation and shipping, expanding economic pressure on Tehran during the Israel-Iran war.

Sources

Primary sources:1Secondary sources:23

Related stories

  1. China Says Cooperation With Iran Should Not Be Disrupted by U.S. Sanctions
  2. Iran’s Economy Minister Says Tehran Is Ready for Sanctions, Warns of Counterattack
  3. Netanyahu Welcomes U.S. Iran Sanctions, Says Regime Will Pay Steep Price
  4. Oil Holds Near $92 as Markets Weigh Expanded U.S. Iran Sanctions
  5. Bessent Says U.S. Economic Offensive Against Iran Begins at Dawn

Something went wrong

We couldn't complete that action. Check your connection and try again.