US Treasury chief vows to cut every ‘economic lifeline’ of Iran
US Treasury Secretary Scott Bessent outlines plans for “economic asphyxiation” of Iran, vowing to sever every economic lifeline and impose dire consequence Read More: https://punchng.com/us-treasury-chief-vows-to-cut-every-economic-lifeline-of-iran/
Treasury Secretary Scott Bessent vowed on Monday to "economic asphyxiate" Iran, tightening secondary sanctions and warning of severe repercussions for nations that do not join the pressure campaign. This comes six months into a war with Tehran that has reached a stalemate, with ongoing peace talks and Iran blocking traffic through the vital Strait of Hormuz.
Bessent stated during a press conference that their aim is to "sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone." He added that countries not participating in US sanctions would "share in the isolation" of Iran. The Treasury Department issued sanctions against five critical sectors - digital assets, technology, gold, aviation, and shipping - used by the Iranian regime to support its faltering economy.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- WTI Oil flirts with the $85.00 level as markets await economic D-Day sanctions on Iran fxstreet.com
- Oil falls ahead of US plan for economic war on Iran nst.com.my
- US Treasury chief vows to cut every 'economic lifeline' of Iran gulfnews.com
- Iran faces 'economic D-Day', US Treasury Secretary warns bbc.co.uk
- US Treasury chief vows to cut every ‘economic lifeline’ of Iran punchng.com
- Trump: Iran 'completely collapsing' as Treasury Sec. discusses 'economic D-Day' jpost.com
- US Treasury chief vows to cut every 'economic lifeline' of Iran koreatimes.co.kr
- US threatens Iran with 'economic D-Day' as markets await sanctions announcement euronews.com
