Bessent Threatens Iran Backers With Sanctions as Tehran Inflation Tops 100%
Updated
Updated · Fox News · Sep 2
Bessent Threatens Iran Backers With Sanctions as Tehran Inflation Tops 100%
3 articles · Updated · Fox News · Sep 2
Summary
Scott Bessent warned banks, shippers and other foreign entities to stop dealing with Iran or risk being “put out of business” by new U.S. sanctions.
More than $1.8 billion allegedly reached Tehran since 2025 through Dubai branches of an Egyptian bank, which Bessent cited as proof Washington is targeting Iran’s outside financing network.
New Treasury authorities now extend across airline, maritime and digital-asset channels, while Bessent also singled out Vladimir Putin after Russia pledged support against U.S. sanctions.
Inflation above 100%, a collapsing currency, long gas lines and trouble paying troops are signs the pressure campaign is already biting, he said.
The warning fits a broader Trump administration drive that Bessent said has combined six weeks of strikes, a blockade and unprecedented sanctions to economically isolate Iran.