US Treasury Chief Vows to Cut Iran’s Economic Lifelines

freemalaysiatoday.com

US Treasury Secretary Scott Bessent vowed Monday to cut every economic lifeline supporting Iran, warning that countries rejecting US sanctions will share in Iran's isolation. Bessent said Washington will hold everyone accountable, including entities facilitating money laundering for Iran, which face removal from the US dollar system. The Treasury announced determinations against five critical sectors: digital assets, technology, gold, aviation, and shipping. The pledge comes nearly six months into a US-Israel bombing campaign against Iran that has stalled, with peace talks halted and Iran blocking most traffic through the Strait of Hormuz.


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