Scott Bessent
Iran unable to pay troops, fund proxies under Operation Economic Outcast, Bessent says
The operation, which was announced August 24, aims to cut Tehran's funding for the war, missile construction, cyberattacks, and the Islamic Revolutionary Guard Corps (IRGC).
Iran economy faces 25% deeper contraction amid soaring inflation, major employment crisis
Middle East conflicts, energy supplies, to dominate IMF-World Bank meetings in Thailand
Pakistani defense company, CEO, among entities sanctioned by US over alleged support to Iran regime
Influencer Jake Paul calls for amended US Constitution, says civilians should be able to bear RPGs
The interview came days before he and his brother, Logan, arrived in Washington on Thursday to visit the Pentagon.
Iranian airlines to be cut off from global system as US Treasury announces secondary sanctions
The move is part of the Trump administration’s Operation Economic Outcast, designed to ramp up economic pressure on Tehran alongside the conflict with Iran.
Russian VTB Bank sactioned for Iran deals bypassing US sanctions, Treasury announces
Already cut off from the dollar system over Russia's invasion of Ukraine, VTB now faces Iran-related sanctions that Treasury officials said could expose foreign banks and businesses to penalties.
Trump administration to sanction unnamed 'large' bank on Monday, Bessent says
Bessent said the move was originally scheduled for Friday but was postponed because of the ceremonies marking the 25th anniversary of the September 11 attacks.
Bipartisan House group warns PA fiscal collapse could strengthen Hamas, Iran-backed groups
In a letter to Rubio and Bessent, US lawmakers said a fiscal crisis weakening the PA would create “exactly the kind of vacuum” Hamas and other Iran-backed actors seek.
Military, economic pressure on Iran may lead to internal uprising, US officials say
US Treasury Secretary Scott Bessent said the pressure on Tehran could lead the Iranian public to rise up against the regime or cause the IRGC to turn against itself.
Bessent: Iran in 'death throes,' US allies will support efforts to economically 'asphyxiate' IRGC
The operation has been met with "a great show of support," Bessent told reporters. "What I can tell you is many of our allies came forward and said we will do whatever is necessary."
Russia, US see grounds for financial ties, Russian finance minister says following G20 meeting
"If we find strong points of common interest - and they do exist - we need to develop them," said Russian Finance Minister Anton Siluanov, according to Interfax.
Bessent expects new US secondary sanctions weekly, aiming to increase pressure on Iran
"You're going to see a lot more of these every week," Bessent said ahead of a Group of 20 finance leaders meeting. "We're starting with the banks, and we're telling the banks it's not okay to have Ir
US Treasury revokes 'critical node' of Iranian access to US dollars in latest Tehran sanctions
The new sanctions come two days after the Treasury cracked down on what it called “far-left terrorist networks.”
