Treasury Secretary Scott Bessent announced comprehensive sanctions on 24 August 2026 targeting Iran's economic isolation, including threats to exclude firms from the US dollar system for laundering Iranian money. The strategy aims at 'economic asphyxiation' as an alternative to military strikes.
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Treasury Secretary Scott Bessent held a press conference to announce new sanctions against Iran in a "sustained financial operation" that the Trump administration is calling "Operation Economic Outcast."
#USA #Iran US Treasury Secretary Scott Bessent emphasized that world leaders must choose between supporting the US and its economic sanctions against Iran or maintaining ties with the Iranian regime. Subscribe to @OSINTdefender | 💬 Chat room
Treasury Secretary Scott Bessent announced new sanctions against Iran and said President Trump is imploring world leaders to join in on the "economic asphyxiation" of Tehran. Bessent said there would be no exemptions to the sanctions, which could indirectly affect China. Also, Bessent said President Trump would like Canada to return to trade talks in good faith. NBC News' Christine Romans and Moni
Full story: www.ibtimes.co.uk/us-sanctions... Treasury Secretary Scott Bessent threatened to cut firms laundering money for Iran out of the US dollar system, but enforcing it against China before the September Trump-Xi summit is the real test.