Bessent:
“Will end dollar access to those laundering Iranian money.” “Economic engagement of any kind with Iran will expose those responsible to the full reach of American power.” “As I speak, Treasury’s Office of Foreign Assets…
Assessment
The Treasury is escalating financial pressure on Iran by sanctioning over 60 entities and threatening to cut dollar access for anyone laundering Iranian money. This signals a broader campaign to isolate Iran economically, targeting not just direct actors but any intermediary or enabler. The key question is how far enforcement will reach and whether it will deter third-country banks and businesses from engaging with Iran at all.