Any individuals or vessels involved in facilitating Iran’s financial or oil trade networks could face US sanctions, the US Treasury Secretary has warned.
The US will continue a naval blockade of Iran’s ports while intensifying financial pressure aimed at crippling the country’s oil-driven economy, Scott Bessent, the Secretary of Treasury said on Wednesday.
“In a matter of days, Kharg Island storage will be full, and the fragile Iranian oil wells will be shut in. Constraining Iran’s maritime trade directly targets the regime’s primary revenue lifelines,” he said on X.
He added that his department will continue implementing what he called a “maximum pressure” campaign to disrupt Iran’s ability to generate, transfer and repatriate funds.
“Any person or vessel facilitating this flow through covert trade and finance risks exposure to US sanctions. We continue to freeze the funds stolen by the corrupt leadership on behalf of the people of Iran,” he wrote.