The US Treasury Department is preparing to announce an expanded set of secondary sanctions targeting countries and entities that conduct business with Iran. Treasury Secretary Scott Bessent is expected to unveil the measures, which will designate activities in certain Iranian sectors as subject to these penalties.

According to a Reuters exclusive report, the administration intends to broaden the scope of its enforcement strategy. The new framework will allow the Treasury to impose sanctions on foreign actors involved in designated Iranian industries.

Policy Shift

The proposed changes mark a significant escalation in the US approach to isolating Iran's economy. By extending secondary sanctions, the US seeks to deter international financial institutions and corporations from facilitating transactions with Tehran.

The announcement signals a tightening of regulatory pressure on global entities operating within or near Iranian markets. Market participants are advised to monitor official guidance from the Treasury for specific sectoral designations.