U.S. Treasury agency that enforces economic and trade sanctions
The United States has expanded sanctions on Cuba, targeting military entities and officials as part of a broad pressure campaign. Measures include designations of GAESA subsidiaries and MINFAR assets, freezing assets, and threatening further actions. Cuba faces intensified economic hardship amid fuel shortages and political tensions.
The US Treasury has placed Golden Global Bank and two subsidiaries on its sanctions list, accusing the Istanbul-based lender of moving tens of millions of dollars for Iran's Islamic Revolutionary Guard Corps-Qods Force and enabling Tehran to shift oil revenue through Turkey. The bank has denied the allegations and said it will pursue legal action; Washington says the move severs the institution from the US financial system.
Eritrea has welcomed the lifting of U.S. sanctions, saying the move removes a political impediment to investment and broader cooperation. Officials cite a shift in U.S. policy and ongoing regional security concerns as drivers for renewed engagement, including talks on trade, Egypt relations, and Red Sea security.
The U.N. Security Council sanctions remain in effect, with France, Germany and the United Kingdom having triggered the snapback mechanism in 2025. A U.N. expert panel was not appointed due to consensus gaps, while the United States and allies pursue further isolation of Iran amid ongoing tensions surrounding Iran’s nuclear program and sanctions enforcement.
The United States has prepared broad sanctions against the International Criminal Court, aiming to isolate the tribunal. The move follows ICC actions against Israeli leaders and probes into US troops. Washington is weighing penalties on the entire court, with formal announcements anticipated during the UN General Assembly.
Iranian civil aviation has suspended flights to several regional destinations amid U.S. sanctions pressure. Iraqi authorities are diverting potential flights to Najaf as Baghdad considers rerouting Tehran-bound services. Iran insists remaining international routes—including Istanbul—will operate as scheduled.
The United States has expanded sanctions under Operation Economic Outcast, targeting 17 vessels and key Iranian auto and rail sectors to choke Tehran’s revenue streams. Officials say the move aims to disrupt illicit oil transport and cut funding for Iran's war and related activities; Tehran’s shipping and energy sectors are under intensified pressure.
The US Treasury has assessed $1.2bn in civil penalties against Bank of America for failing to timely report more than $5bn in suspicious transactions, including over $1bn that posed national-security and high-priority risks. The OCC added a $750m penalty; OFAC settled for $11.6m. BofA has said the charge will reduce third-quarter earnings by about 17 cents per share.