US Treasury Department

What's included in the new US sanctions campaign to pressure Iran's economy? - explainer

US Treasury Secretary Scott Bessent announced "an economic onslaught" against Iran, combining new sanctions with with threats against Tehran's trading partners.

Reporters ask US Treasury Secretary Scott Bessent questions after he announced a new set of sanctions against Iran, describing them as "an economic D-Day", in the Cash Room at the Treasury Department on August 24, 2026 in Washington, DC.
IRGC intelligence chief Majid Khademi pictured in February 2026.

US offers $10 million reward for information on senior IRGC leaders, including one killed in April

The Trump administration’s decision to begin removing Syria from the US list of state sponsors of terrorism has opened the door to broader economic engagement after decades of sanctions.

US removes Syria's designation as State Sponsor of Terrorism

US Treasury Secretary Scott Bessent announces a new set of sanctions against Iran, describing them as "an economic D-Day", in the Cash Room at the Treasury Department on August 24, 2026 in Washington, DC.

US Treasury announces 'Operation Economic Outcast' on Iran following warning of 'economic D-Day'


US national debt tops $40 trillion for first time, doubled under presidents Trump, Biden

The federal government's IOU has now more than doubled in less than a decade, from $19.95 trillion when US President Donald Trump was sworn in for the first time in January 2017.

The US Department of the Treasury Building in Washington, DC, US, July 11, 2026.

US imposes sanctions on ICC President Tomoko Akane, Treasury Department confirms

The sanctions freeze any US assets the individuals may have and essentially cut them off from the US financial system, with which almost all internationally operating banks have close ties.

Judge Tomoko Akane arrives prior to the announcement of the International Criminal Court (ICC) verdict that sentenced Malian Jihadist police chief Al Hassan Ag Abdoul Aziz Ag Mohamed Ag Mahmoud to 10 years in jail for war crimes and crimes against humanity.

China-based Hengli Group main importer of sanctioned Iranian crude oil, analysts say - report

Hengli is one of the largest companies in a network of "teapot" refineries in China that purchase sanctioned oil, according to the officials cited by WSJ.

An Oil tanker named Yu fu Zuo unload imported crude oil at the crude oil terminal of in Qingdao port, in China's eastern Shandong province on July 16, 2026.

Why did the US intervene to support Japan's struggling yen? - analysis

The intervention helped the currency gain around 5%, lifting it from nearly 164 yen per dollar to about 155.

This photo illustration taken on December 5, 2024 shows new Japanese 10,000 yen notes (currently worth approximately 66 USD), which were released in July 2024, on display in Tokyo; illustrative

US targets UAE-based crypto exchange over alleged Iran sanctions evasion scheme

“Treasury will hunt down and dismantle the illicit financial networks that keep the regime afloat,” Secretary of the Treasury Scott Bessent said in a statement.

 The bear market in crypto erased $2 trillion in market value and led to several bankruptcies among crypto firms like Celsius, Voyager Digital and Three Arrows Capital, among others.

Proposed Hormuz passage deal not feasible for shipping industry, sources say

Under the latest proposal, Tehran would be able to intervene if necessary with any inbound traffic, while outbound traffic would follow a route between Iran and Oman.

Ships and tankers in the Strait of Hormuz off the coast of Musandam, Oman, April 18, 2026.

US removes counterterrorism designation from IRGC-linked company

A Treasury Department official said that the removal of sanctions was not indicative of a shift in US policy towards Iran or the IRGC, or negotiations to end the conflict in the Middle East.

 The United States Department of the Treasury is seen in Washington, DC, US, August 30, 2020.

US Treasury sanctions networks supporting Iran’s Mahan Air, IRGC from India, China, Russia

Treasury Secretary Scott Bessent said those providing financial, logistical, or commercial support to the IRGC or Mahan Air are “helping sustain a terrorist enterprise."

An Iranian cleric walks past a billboard depicting a portrait of the former commander of the IRGC Aerospace Forces, Brigadier General Amir Ali Hajizadeh, on February 21, 2026.

New Iran-related sanctions targeting tankers issued by US Treasury Department

“With its economy in freefall and inflation in the triple digits, the regime is desperate for cash,” said Treasury Secretary Scott Bessent.

A ship remains anchored on May 16, 2026 in the Strait of Hormuz near Larak Island, Iran; Illustrative.

Four people, nine entities tied to Iran financial evasion network sanctioned by US Treasury

The Treasury further called for governments and financial institutions worldwide to avoid engaging with financial networks connected to Iran.

Mourners walk through Tehran's landmark Azadi Square ahead of the funeral procession of Iran's slain supreme leader Ali Khamenei and members of his family on July 6, 2026; Illustrative.