US launches “Economic Fury” sanctions campaign against Iran

The United States has announced a new sanctions initiative targeting Iran under an operation described as “Economic Fury,” according to U.S. Treasury Secretary Scott Bessent.

In a statement cited by Caliber.Az, Bessent said the Treasury Department is implementing extensive financial restrictions on Iran aimed at limiting its regional activities and nuclear-related capabilities.

"Economic Fury is imposing a financial stranglehold on the Iranian regime, hampering its aggression in the Middle East, and helping to curtail its nuclear ambitions. At President Trump’s direction, Treasury will continue to constrict the network of vessels, intermediaries, and buyers Iran relies on to move its oil to global markets. Any person or vessel facilitating these flows—through covert trade and finance—risks exposure to U.S. sanctions," he wrote.

By Tamilla Hasanova