The U.S. Treasury Department has sanctioned two cryptocurrency exchanges and a network of companies affiliated with the Islamic Republic.

Scott Bessent, the U.S. Treasury Secretary, said the economic pressure campaign by the Donald Trump administration against the Islamic Republic has been effective.

Ataa Hoseinian, an economic journalist, said that in these days the Islamic Republic is more afraid of the U.S. Treasury Department than the U.S. Department of War. He added that if the Islamic Republic continues to refuse negotiations, difficult and eventful days await it.