US Treasury Department

US campaign to cripple Iran's economy risks falling short without global partners, experts say

Washington Institute experts warn that the economic campaign on Iran needs stronger international sanctions coordination and counterterrorism cooperation to disrupt Iran's financial networks.

|ByDANIELLE GREYMAN-KENNARD
US 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 on August 24, 2026 in Washington, DC.
An Iranian woman walks next to an anti-Israeli mural on a street in Tehran, Iran, May 18, 2026.

Iran economy faces 25% deeper contraction amid soaring inflation, major employment crisis

US Treasury Secretary Scott Bessent said he predicted the Iranian economy would contract an additional 25% by next March and recommended that Iranian civilians begin stocking up on gasoline.

|ByDANIELLE GREYMAN-KENNARD
A train arrives at the newly-opened Maryam Moghaddas (Virgin Mary) metro station, near the Sarkis Cathedral of the Armenians, in Tehran on October 18, 2025.

US Treasury announces sanctions on Iranian railway, automotive industries

Among entities added to the Office of Foreign Assets Control’s Specially Designated Nationals List as part of the new sanctions is the Islamic Republic of Iran Railway Company.

|ByJERUSALEM POST STAFF, REUTERS
The national flags of Pakistan and Iran flutter outside the President House in Islamabad on June 22, 2026 on the eve of Iran's President Masoud Pezeshkian's visit to Pakistan amid the US-Iran peace talks.

Pakistani defense company, CEO, among entities sanctioned by US over alleged support to Iran regime

The Treasury alleged that Tajammal and Cavalier Group acted as third-party intermediaries for MODAFL and that Tajammal used his contacts to assist Iran in procuring and distributing weapons.

|ByARSHAD MEHMOOD/THE MEDIA LINE

US will not renew waiver on Iranian oil as it mounts pressure on Tehran, sources say

The waiver, which the Treasury Department issued on March 20, allowed some 140 million barrels of oil to reach global markets and helped relieve pressure on energy supply during the war with Iran.

APRIL 14, 2026ByREUTERS
A general view of the Treasury Building on day two of a partial government shutdown in Washington, DC, US, February 1, 2026.

Trump signature to appear on US currency, ending 165-year tradition

The first $100 bills bearing Trump's signature and those of US Treasury Secretary Scott Bessent will be printed in June, followed by other denominations in subsequent months.

MARCH 27, 2026ByREUTERS
US President Donald Trump writes his signature, as he signs executive orders and proclamations in the Oval Office at the White House in Washington, DC, US, April 9, 2025.