US Treasury chief vows to cut every 'economic lifeline' of Iran
WASHINGTON — U.S. Treasury Secretary Scott Bessent on Monday laid out plans for the "economic asphyxiation" of Iran, expanding Washington's secondary sanctions threats and warning of dire consequences for countries that decline to join the pressure campaign. Bessent's address comes almost six months into a war on Tehran that has ground to a stalemate, with stalled peace talks and Iran preventing…
U.S. Treasury Secretary Scott Bessent announced on Monday plans to economically cripple Iran, intensifying secondary sanctions and threatening dire repercussions for nations that fail to cooperate. This announcement comes six months into a war with Iran that has reached an impasse, with ongoing peace negotiations and Iran's blockade of the vital Strait of Hormuz.
Bessent, speaking at a press conference, emphasized that the United States aims to sever all economic connections supporting the Iranian regime until it stands isolated. He vowed to hold everyone accountable through economic measures, describing it as "economic asphyxiation" of the regime. Bessent further stated that countries refusing to implement U.S. sanctions would share Iran's isolation.
The Treasury Department disclosed that it has issued designations against five crucial sectors - digital assets, technology, gold, aviation, and shipping - affecting the Iranian regime's financial infrastructure.
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