Washington rules out oil waivers, freezes $344m in Iran-linked assets

The United States has frozen $344 million in digital assets linked to Iran as part of efforts to increase economic pressure, Treasury Secretary Scott Bessent said.

Bessent said the US Treasury Department had sanctioned several digital wallets, adding it would “continue to work systematically to undermine Iran’s ability to generate and transfer funds.”

Bisent also ruled out renewing the waivers Washington granted to Iranian and Russian oil, in an interview with the Associated Press.