The US Treasury Department has escalated sanctions targeting Iran’s economy, expanding its reach into digital assets alongside aviation, shipping and gold sectors, according to The Block.

Treasury Secretary Scott Bessent described the effort as an “economic D-Day” on Iran, a phrase that also moved oil markets, according to MarketWatch, which reported oil trading lower following his remarks.

Cointelegraph reported that the sanctions specifically allege a UAE-based broker processed more than $100 millionUS targets Iran’s crypto sector, cites over $100M in oil-linked payments.Cointelegraph · 25 Aug 2026 · 05:29 UTC · read it at the source in crypto tied to Iranian oil sales. The Block said the Treasury is focused on digital assets it believes are being used to prop up Iran’s economy.

The action adds crypto-linked entities to the list of sectors under fresh sanctions pressure as part of the broader campaign described by Bessent.

Sources: MarketWatch, The Block, Cointelegraph

This article is for information only and is not financial advice.