U.S. Treasury Secretary Scott Bessent plans to announce new Iran-related secondary sanctions on a weekly basis as part of the Trump administration’s strategy to increase pressure on entities and countries doing business with the Islamic Republic. The initial sanctions package, launched on August 24, aimed to expand penalties to Iran-linked entities and broaden the sectors subject to secondary sanctions. This intensified enforcement approach has raised the market-assessed probability of Iranian President Masoud Pezeshkian leaving office before year-end to 26%. Observers note that this strategy significantly increases pressure on the Pezeshkian administration and could destabilize Iran’s political landscape.
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