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Scott Bessent says the US will sever all economic ties with the country and that any nation partnering with Iran financially will also be isolated.
New sanctions hit Iran's aviation, tech, and shipping sectors, amplifying pressure on global markets and energy prices.
Mail balloting has long been a favourite target of US President Donald Trump.
Washington also rescinded designation of HTS, formerly led by President Ahmed al-Sharaa, as a 'terrorist' organisation.
Private meeting between Jeffries and Kushner fuels discussions amid contentious US midterm battle.
Falling Republican support, rising gas prices, and fears of a long conflict drive a decline in backing for the Iran war.