US Treasury: Upcoming Iran sanctions to be largest coordinated economic isolation

The US Treasury Department has stated that the sanctions set to be imposed on Iran will constitute the largest coordinated economic isolation in the world.

The department added that the American sanctions aim to cut off the oil, financial, and trade channels that are vital to Iran's economy.

The sanctions, which the US Treasury intends to impose on Tehran, are designed to block Iranian oil exports, target banks and companies facilitating money transfers to Tehran, and add individuals linked to the Islamic Revolutionary Guard Corps and Hezbollah to the sanctions lists.

The United States seeks to maintain economic pressure on Iran in order to bring Tehran to the negotiating table and secure safe international navigation in the Strait of Hormuz, without restrictions or fees.