[Rudaw] The US Treasury Department on Monday unleashed sweeping economic sanctions in what it described as an "unprecedented" economic campaign against Iran, dubbed Operation Economic Outcast.
"Our objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone," said Secretary of the Treasury Scott Bessent, according to a US Treasury blurb.
The US Treasury mapped the networks, controllers, and financial channels that Iran
 ...a theocratic Shiite state divided among the Medes, the Persians, and the (Arab) Elamites. Formerly a fairly civilized nation ruled by a Shah, it became a victim of Islamic revolution in 1979. The nation is today noted for spontaneously taking over other countries' embassies, maintaining whorehouses run by clergymen, involvement in international drug trafficking, and financing sock puppet militias to extend the regime's influence. The word Iran is a cognate form of Aryan. The abbreviation IRGC is the same idea as Stürmabteilung (or SA). The term Supreme Guide is a the modern version form of either Duce or Führer or maybe both. They hate Jews Zionists Jews. Their economy is based on the production of oil and vitriol...
uses to smuggle oil, evade sanctions, and fund terror in "uncompromising" resolve to target "any source of the regime’s illicit revenue."
Monday’s announcement expands secondary sanctions exposure for those who continue doing business with the Iranian government spanning five critical sectors: digital assets, technology, gold, aviation, and shipping.
The Office of Foreign Assets Control (OFAC) sanctioned nearly 60 entities, individuals, and vessels in multiple jurisdictions, including "illicit nuclear and missile technology procurement, cyber operations, and oil‑revenue generation networks."
OFAC suspended several general licenses that previously authorized certain remittance payments to Iran and Iranian access to the US "cultural and academic system, and issued additional guidance on the sanctions risks of bowing to Iranian demands related to shipping in the Strait of Hormuz."
The 60 Iran-linked entities include a network of brokers, companies, and shadow fleet vessels operating across the United Arab Emirates (UAE), Hong Kong, China, Singapore, Switzerland
...home of the Helvetians, famous for cheese, watches, yodeling, and William Tell...
, Europa
...the land mass occupying the space between the English Channel and the Urals, also known as Moslem Lebensraum...
and other regions to transport Iranian oil and channel revenue to the Islamic Revolutionary Guard Corps’ (IRGC) elite Quds force, its external arm, and other regime elements.
The US Treasury also moved to designate several international companies that operate within Iran’s petroleum sector and enable the deceptive movement and sale of Iranian crude and petroleum products.
Sanctions extended to disruptions in Iran’s Global Procurement Network for Sensitive Nuclear and Missile Technology to target a network of "more than 20 entities and individuals spanning the Middle East and East Asia that financially and logistically support the Iranian regime’s procurement of critical technology for nuclear research and missile development."
In addition, the Treasury announced action against "multiple shadow fleet vessels responsible for the unauthorized transport of millions of barrels of Iranian crude oil and petroleum products," identifying them as "an essential lifeline to the Iranian regime, which relies on the sale of oil and other petroleum products to provide vital revenue to fund its military, among other necessities."
… collapsing.
They're in a damned if they do, damned if they don't situation now.
Gird your loins...the strong ripples of this are gonna show up in some really strange places in Europe.
… the shortage is the impact of US efforts to block Iranian oil shipments. Loaded Iranian tankers have been unable to leave the Persian Gulf, while empty vessels remain stranded outside the region.
Iranian rial slumps to new record low as economic pressure set to ramp up
[IsraelTimes] Iran’s currency has hit a new record low ahead of a US announcement on new measures meant to pile pressure on an economy already battered by previous sanctions and a US naval blockade.
The rial drops to 2.02 million to the US dollar as trading opens on informal currency markets. Iran’s official Central Bank rate stands at around 1.5 million rial to the dollar, but the informal rate is what most Iranians pay.
The currency had already been under pressure before the US and Israel attacked Iran on February 28, with double-digit inflation and negative growth, but has been hitting new record lows as nearly six months of war have taken an even greater toll.
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