{
  "id": 16979262,
  "title": "Treasury Secretary says US economic sanctions on Iran 'very successful'",
  "url": "https://urgent.news/2026/10/28/treasury-secretary-says-us-economic-sanctions-on-iran-very-successful",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T23:52:27.000Z",
  "source": {
    "name": "Middle East Eye",
    "slug": "middle-east-eye",
    "url": "https://www.middleeasteye.net/live-blog/live-blog-update/treasury-secretary-says-us-economic-sanctions-iran-very-successful"
  },
  "original_language": "en",
  "account": null,
  "summary": "US Treasury Secretary Scott Bessent stated on Wednesday that efforts to isolate Iran’s economy have been very successful. According to Middle East Eye, Bessent claimed that for the first time since Iran began oil production, the country has no barrels of oil on the water. He further noted that internal estimates show Iran’s economy contracting by as much as 25 percent between March 2025 and March 2026.\n\nBessent also stated that because sanctions prevent Iran from obtaining dollars, funding for proxies such as Hamas, Hezbollah, and the Houthis is being cut off, according to Middle East Eye. Ajel English also reported that Bessent described the economic isolation efforts as highly successful and noted that funding for Tehran’s proxies is decreasing.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Fortune",
        "title": "UK Treasury offers $130 one-off payment to 20 million households and energy bills relief in face of Iran war shock",
        "url": "https://urgent.news/2026/10/28/uk-treasury-offers-130-one-off-payment-to-20-million-households-and",
        "published": "2026-10-28T15:50:33.000Z"
      },
      {
        "outlet": "Ajel English",
        "title": "US Treasury Secretary: Iran's funding for proxies declining",
        "url": "https://urgent.news/2026/10/28/us-treasury-secretary-irans-funding-for-proxies-declining",
        "published": "2026-10-28T21:52:35.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}