{
  "id": 3899366,
  "title": "US Treasury Secretary says blockade on Iran will 'crush failing Iranian economy'",
  "url": "https://urgent.news/2026/08/28/us-treasury-secretary-says-blockade-on-iran-will-crush-failing",
  "topic": "world",
  "section": "World",
  "published": "2026-08-28T05:36:44.000Z",
  "source": {
    "name": "Middle East Eye",
    "slug": "middle-east-eye",
    "url": "https://www.middleeasteye.net/live-blog/live-blog-update/us-treasury-secretary-says-blockade-iran-will-crush-failing-iranian"
  },
  "original_language": "en",
  "account": null,
  "summary": "US Treasury Secretary Scott Bessent has stated that the US blockade on Iranian ports will crush the country's economy. According to Bessent, the blockade, along with Operation Economic Outcast, will have a devastating impact on the already failing Iranian economy. He also claimed that the US had helped move 130 million barrels of oil through the Gulf over the past two weeks.\n\nBessent is set to attend a meeting of finance leaders from the Group of 20 major economies, where he will urge them to cut off Iran's economic lifelines. He will make direct requests to finance ministers to sever economic flows that sustain the Iranian regime and the Islamic Republic Guards Corps. According to Al-Monitor, the Trump administration aims to have the G20 agree on steps to boost economic growth and reduce global imbalances, while also pressuring them to cut off Iran's economic lifelines.\n\nBessent will hold bilateral meetings with foreign finance ministers to discuss Iran-related activity identified by the Treasury in specific countries. He will emphasize that the US will target any source of Iran's illegal income.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Ynetnews",
        "title": "‘We’re dealing with empty coffers’: IDF chief takes aim at Treasury over funding",
        "url": "https://urgent.news/2026/08/27/were-dealing-with-empty-coffers-idf-chief-takes-aim-at-treasury-over",
        "published": "2026-08-27T08:58:00.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "US Treasury Secretary Bessent to press G20 ministers on Iran funding",
        "url": "https://urgent.news/2026/08/27/us-treasury-secretary-bessent-to-press-g20-ministers-on-iran-funding",
        "published": "2026-08-27T17:41:34.000Z"
      },
      {
        "outlet": "Middle East Eye",
        "title": "Iran's top negotiator slams US Treasury Secretary over accusations of abroad spendings",
        "url": "https://urgent.news/2026/08/28/irans-top-negotiator-slams-us-treasury-secretary-over-accusations-of",
        "published": "2026-08-28T03:58:55.000Z"
      }
    ]
  },
  "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."
}