The US says it will crack down on countries that do business with Iran. Who buys Iranian oil?

U.S. Treasury Secretary Scott Bessent announced on Monday that the United States will implement aggressive economic measures against nations that purchase oil from Iran. This policy shift, described by officials as an 'economic D-Day,' aims to intensify pressure on the Iranian regime through strict enforcement of sanctions.

While the official announcement did not explicitly name specific countries, analysts indicate that the policy is primarily directed at China, which is the leading importer of Iranian petroleum. The move represents a significant escalation in U.S. efforts to curtail Iran's revenue streams by targeting its international trade partners.