US to unveil Iran sanctions plan

US Treasury Secretary Scott Bessent announced a press conference to detail the new sanctions package against Iran, which is considered the largest in U.S. history targeting a specific adversary. The new measures, according to the announced American stance, will include countries, institutions, and companies that engage with Iran or support its financial system, including networks involved in oil smuggling and cash transfers. The names of the targeted entities and the specific executive orders have not yet been disclosed. The United States is expected to reveal the details of this package during the conference, which comes as part of what Washington describes as a "crucial economic day."

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