US plans secondary sanctions targeting Iran's revenue sources

Scott Bessent announced a U.S. plan to impose secondary sanctions on Iran's revenue sources. The plan targets digital assets, technology, aviation, gold and shipping. Treasury, the State Department and the military are meeting with global stakeholders about implementation. Bessent said the measures broaden sanctions risk for businesses that continue working with Iran. The U.S. sanctioned Iran's largest crypto exchange, Nobitex, in June. The Treasury Department said Nobitex supported sanctions evasion, terrorist financing and transactions linked to Iran's Islamic Revolutionary Guard Corps. Bessent said the U.S. had seized almost $1 billion in crypto from Iran as of May. Monday's sanctions also included digital asset addresses. The Treasury Department said Arman Kahzadian gained control of a wallet holding more than $30,000 worth of Bitcoin in 2023.