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Over 1,000 Iran sanctions in place; Treasury pressure rated above bombs by U.S. officials

7/28/2026

More than 1,000 people, vessels and aircraft now sit under U.S.

sanctions as part of the Trump administration's revived maximum-pressure campaign against Iran, and senior officials assess the financial squeeze may ultimately do more damage than the 13-day bombing campaign that paused over the weekend.

Intelligence reporting cites gasoline shortages inside one of the world's major oil-producing countries, alongside the risk of bank runs.

Treasury outranks the War Department "They're more scared of Treasury than the War Department." That line, from a senior official speaking to Axios, defines how the administration reads Iran's pressure points.

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