US Treasury launches a broad Iran sanctions campaign, designating nearly 60 targets and five sectors

Confirmedon two or more distinct origins, at least one tied to no party: 2 distinct origins, 2 tied to no party.

The US Treasury on 24 August launched what it called a sustained campaign to cut Iran off from the global economy, issuing sectoral determinations for shipping, aviation, gold, technology and digital assets and sanctioning nearly 60 entities, individuals and vessels tied to Iranian oil exports, gCaptain reported. Blocked tankers included two Treasury said had carried millions of barrels of Iranian oil to China, and foreign banks that facilitate significant transactions risk losing US correspondent accounts. Treasury Secretary Scott Bessent likened it to an economic D-Day. Iran's rial fell to a record 2.02 million to the dollar on the informal market that morning, against an official rate of about 1.5 million, AP reported.

Sources

1. Evidence gCaptain Media · Unaffiliated origin: US Treasury announcement, 24 Aug · published 2026-08-24 00:00 UTC
2. Evidence Times of Israel Media · Unaffiliated origin: AP reporting on Tehran informal currency market · published 2026-08-24 00:00 UTC

History

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