US to hold entities enabling Iran financially, says Scott Bessent

US Treasury Secretary Scott Bessent declared that the United States will target entities aiding Iran financially, in a continued effort to pressure Tehran. According to Al Arabiya, Bessent emphasized the importance of preserving financial sanctions on the remaining components of the Iranian economy. Bessent stressed that Iran should not be permitted to jeopardize global trade or utilize the Strait of Hormuz for leverage.

The US Treasury Secretary restated the administration's commitment to safeguarding the global financial system and countering the Iranian regime's threats. Separately, Axios reported that US Secretary of State Marco Rubio conveyed to foreign counterparts that the US presently does not anticipate launching new military strikes against Iran, but will instead concentrate on alternative forms of pressure.

Rubio affirmed that the US policy towards Iran would persist, at least until the midterm congressional elections in November. The Secretary of State explained that the current administration's strategy toward Iran involves refraining from military action for now, enforcing stricter economic measures, and maximizing oil exports through the Strait of Hormuz.