Treasury Bessent: US is launching an "economic onslaught" against Iran's financial connection

US Treasury Secretary Scotts declared on Monday that the United States is executing an economic campaign against Iran's financial ties worldwide. During a press conference, Bessent unveiled ambitions to initiate an economic "D-Day" against Iran and declared the U.S. would adopt a "zero leakage" policy in enforcing its sanctions. He noted that President Trump has personally reached out to world leaders to urge them to sever economic connections with Tehran.

Bessent emphasized that each nation has been granted a specific deadline to cease activities identified by Treasury, such as closing Iran's bank branches overseas. In cases where countries fail to comply, the U.S. will take unilateral action through Treasury authorities. He made it evident that the pressure extends to the world's largest economies, stating that no one, including China, is immune to the reach of U.S. sanctions.

Prior to Bessent's remarks, the Treasury disclosed actions against Iran, which involve sanctions on approximately 60 Iran-linked entities, individuals, and vessels. The sanctions target a network of broker companies involved in shadow fleet vessels across the United Arab Emirates, Hong Kong, China, Singapore, Switzerland, and Europe.

Bessent stated that the U.S. does not possess infinite patience with Iran and that attempting to win Tehran's favor no longer functions. He added that any economic interaction would subject those responsible to the complete force of American power. Bessent expects other countries to adopt similar measures to isolate Tehran.