US Set to Unveil Fresh Iran Sanctions as Rial Hits Record Low US Treasury Secretary Scott Bessent is expected to announce a fresh set of economic measures against Iran, as Washington pivots from strike threats to tougher sanctions as a way to end the near six-month war.

Bessent will unveil details of a plan to more effectively isolate the Islamic Republic later Monday, building on already extensive sanctions that have been in place for decades. It’s unclear what will be announced, but the move may impact some of Iran’s largest trading partners, including China, Turkey and India.