Trump administration announces sanctions on Iran digital assets, tech, trade

The Trump administration on Monday announced a sweeping new sanctions campaign against Iran, targeting digital assets, technology, gold, aviation, and shipping in an effort to further isolate Tehran economically amid an ongoing war. Treasury Secretary Scott Bessent unveiled the measures, which he described as the single greatest financial offensive ever marshaled against an adversary, and warned foreign governments and companies that they face deadlines to cease business with Iran or risk severe penalties. The campaign, dubbed Operation Economic Outcast, includes sanctions on more than 60 entities, individuals, and vessels the U.S.