Scott Bessent

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."

US Treasury Secretary Scott Bessent speaks during a press conference, as finance ministers and central bank governors from G20 countries meet in Asheville, North Carolina, US, September 1, 2026.
An illustration of silhouettes of US President Donald Trump and Russian President Vladimir Putin over a background of their countries flags.

Russia, US see grounds for financial ties, Russian finance minister says following G20 meeting

US Treasury Secretary Scott Bessent stands behind U.S. President Donald Trump who speaks to the media on the day of a NATO leaders' summit in Ankara, Turkey, July 8, 2026.

Bessent expects new US secondary sanctions weekly, aiming to increase pressure on Iran

Signage is seen at the United States Department of the Treasury headquarters in Washington, DC, US, August 29, 2020.

US Treasury revokes 'critical node' of Iranian access to US dollars in latest Tehran sanctions


US Treasury Secretary Bessent says US to apply measures 'never seen before' on Iran

"It will be a combination of economic isolation like the world has never seen before, and the continued blockade in the Strait of Hormuz that will keep anything from going in or out," Bessent said.

U.S. Vice President JD Vance speaks next to Treasury Secretary Scott Bessent and acting Attorney General Todd Blanche during a cabinet meeting in the Cabinet Room at the White House, in Washington, D.C., U.S., May 27, 2026.

Senators press Rubio, Bessent on lack of counter-evasion sanctions on Russia

The US last imposed major sanctions on Russia in October 2025, when the Treasury Department targeted Russian oil companies Rosneft and Lukoil.

(File Photo) Marco Rubio and Scott Bessent arrive before US President Donald Trump, First Lady Melania Trump, Britain's King Charles III and Queen Camilla participate in an arrival ceremony on the South Lawn of the White House in Washington, DC, on April 28, 2026.

US targets UAE-based crypto exchange over alleged Iran sanctions evasion scheme

“Treasury will hunt down and dismantle the illicit financial networks that keep the regime afloat,” Secretary of the Treasury Scott Bessent said in a statement.

 The bear market in crypto erased $2 trillion in market value and led to several bankruptcies among crypto firms like Celsius, Voyager Digital and Three Arrows Capital, among others.

New Iran-related sanctions targeting tankers issued by US Treasury Department

“With its economy in freefall and inflation in the triple digits, the regime is desperate for cash,” said Treasury Secretary Scott Bessent.

A ship remains anchored on May 16, 2026 in the Strait of Hormuz near Larak Island, Iran; Illustrative.

Trump signature to appear on US currency, ending 165-year tradition

The first $100 bills bearing Trump's signature and those of US Treasury Secretary Scott Bessent will be printed in June, followed by other denominations in subsequent months.

US President Donald Trump writes his signature, as he signs executive orders and proclamations in the Oval Office at the White House in Washington, DC, US, April 9, 2025.

US has 'plenty of money' to fund war in Iran, Treasury Secretary Scott Bessent says

US President Donald Trump has not yet sent a request for the Senate and House of Representatives to approve additional funding, and his administration has made clear that the number could change.

US Treasury Secretary Scott Bessent looks on as he speaks to the media after two days of meetings with a Chinese delegation, in Paris, France March 16, 2026