U.S. Expels Entities Facilitating Iran's Financial Access from Dollar System

The U.S. Treasury Secretary, Scott Bessent, stated that any entity facilitating money laundering for Iran will be excluded from the U.S. dollar system. This move is part of a broader offensive targeting Iran's financial and technological access. The sanctions include over 60 entities, individuals, and vessels accused of supporting Tehran's nuclear and missile programs. The new measures include secondary sanctions, meaning that countries or entities engaging in transactions with Iran may face penalties from Washington. Bessent emphasized that the clock is ticking, signaling an imminent enforcement of these measures. The U.S. aims to disrupt Iran's ability to access financial resources and technology, which are critical for its nuclear and missile programs.