🇺🇸🇮🇷Breaking: The U.S. Treasury has officially warned banks worldwide that they could face sanctions over Iran without prior notice.
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The Treasury Department confirmed that foreign banks still doing business with sanctioned Iranian banks "could be targeted at any time without prior notice," according to Reuters.
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This marks a sharp shift from August, when Treasury Secretary Scott Bessent said imposing sanctions without notice could "blow up the global financial system."

Iran's economy is already under pressure, with Bessent saying Iran loaded zero barrels of crude oil onto tankers last month.

The Treasury is also targeting Iranian cryptocurrency channels, including a Russia-linked network that Iran uses to evade sanctions.
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Cryptocurrency activity linked to Iran totaled around $10 billion last year, according to TRM Labs.
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