US_ Bessent Unveils New Round of Iran Sanctions, Warns China on Iran Ties ( Andrew Moran & Emel Akan - THE EPOCH TIMES )

THE EPOCH TIMES

Bessent Unveils New Round of Iran Sanctions, Warns China on Iran Ties

Beijing and other nations will face ramifications if they do not cut ties with Iran, Treasury Secretary Scott Bessent said.

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 in Washington on Aug. 24, 2026. Chip Somodevilla/Getty Images

Andrew Moran
&
Emel Akan
Senior Reporter
8/24/2026|Updated: 8/24/2026

WASHINGTON—U.S. Treasury Secretary Scott Bessent unveiled the contours of the administration’s sweeping campaign to isolate Iran’s economy at an Aug. 24 news conference.

He outlined measures targeting almost 60 firms, individuals, and vessels across the regime’s expansive oil, nuclear, missile, and cyber networks.

Bessent also urged China and other countries not to test U.S. resolve on the latest round of sanctions on Iran.

“In the Second World War, D-Day was the historic beginning of a campaign with our allies to target and drive the enemy from its positions, including those in third countries,” Bessent said in prepared remarks.

“Today, in that same spirit, we are launching an economic onslaught against Iran’s financial connections around the globe.”

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READ MORE: https://www.theepochtimes.com/us/us-to-unveil-single-greatest-financial-offensive-ever-on-iran-bessent-says-6078872?ea_src=frontpage&ea_med=section-1

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