Bessent urges more disruption to Iran's financing, will review US sanctions list
The US has recently stepped up sanctions on Iran through "Economic Fury," a program meant to disrupt Tehran's shadow banking networks and terrorist financing schemes.
The US has recently stepped up sanctions on Iran through "Economic Fury," a program meant to disrupt Tehran's shadow banking networks and terrorist financing schemes.
“Iran’s shadow banking system facilitates the illicit transfer of funding for terrorist purposes,” said Scott Bessent, Secretary of the Treasury.
Those who signed up for the “self-sacrifice” scheme have agreed to carry out actions like forming human chains around power stations.
Iran's Foreign Ministry spokesperson Esmaeil Baghaei called US claims a "shameless distortion" and an attempt to obscure the reality of the attack.
The regime’s process has ensured that only those who subscribe to Velayat-e Faqih and demonstrate commitment to the state religion are eligible for opportunities that provide financial stability.
Explosions were heard on Qeshm Island, where air defenses had been triggered, and pro-regime protesters chanted against Israel and the UAE, following US warnings of possible strikes.
The bill, titled “Reciprocal action by military and security forces of the Islamic Republic,” is one of several pieces of legislation aimed at formalizing the threats made by the regime.
Earlier on Monday, Trump mentioned in a Truth Social post that leaders of Gulf states had requested that he hold off on striking Iran.
This comes as a response to US President Donald Trump, who said on Monday he had paused a planned attack against Iran after Tehran sent a peace proposal to Washington.
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"There seems to be a very good chance that they can work something out. If we can do that without bombing the hell out of them, I would be very happy," Trump told reporters.