Bessent says Gulf oil production is five to ten million barrels daily even before Iran deal.
“even before we had the deal, we're getting out five, ten million barrels a day out of The Gulf.”
“by Labor Day. And oil prices are actually lower than they were on February 27 when the conflict started on February 28. So gasoline prices are a little stickier on the way down.”
Bessent designates two firms in IRGC-backed extortion scheme forcing vessels to buy Strait of Hormuz insurance
“With its economy in freefall and inflation in the triple digits, the regime is desperate for cash. The United States will not allow Iran to hold global commerce hostage or use international shipping to finance the IRGC’s terrorism, aggression, and repression. https://t.co/J1GsCb79e6”
Bessent designates two firms in IRGC-backed extortion scheme forcing vessels to buy Strait of Hormuz insurance
“With its economy in freefall and inflation in the triple digits, the regime is desperate for cash. The United States will not allow Iran to hold global commerce hostage or use international shipping to finance the IRGC’s terrorism, aggression, and repression. https://t.co/J1GsCb79e6”
Bessent sanctions six entities in China, India, Russia, Iran serving as Mahan Air general sales agents
“Those who provide financial services, logistics, or commercial support to the IRGC or Mahan Air are helping sustain a terrorist enterprise. Treasury will continue to identify them, expose them, and cut them off from the U.S. financial system. https://t.co/EDIiJdzVLr”
Bessent says Iran's shadow banking system buckling under Economic Fury, moving hundreds of millions
“Iran’s shadow banking system is buckling under Economic Fury, and the regime is running out of ways to move money. Every facilitator that keeps the regime afloat is putting a target on its own back. Treasury will continue to expose these networks and cut them off from the U.S. https://t.co/u0D0DP6pLe”
Bessent says Iran's shadow banking system buckling under Economic Fury, moving hundreds of millions
“Iran’s shadow banking system is buckling under Economic Fury, and the regime is running out of ways to move money. Every facilitator that keeps the regime afloat is putting a target on its own back. Treasury will continue to expose these networks and cut them off from the U.S. https://t.co/u0D0DP6pLe”
Bessent says Iranian regime's reliance on digital assets and shadow banking shows Economic Fury working
“The Iranian regime’s reliance on digital assets and shadow banking networks is further evidence that Economic Fury is working. We will continue to increase the economic pressure. Whether in dollars, rials, or crypto, Treasury will hunt down and dismantle the illicit financial https://t.co/phPYBx4Zxr”
Bessent warns any remaining tie to Tehran will hasten a nation's economic oblivion
“Any remaining tie to Tehran will hasten a nation's economic oblivion, whether that tie be purposefully constructed or willfully ignored. https://t.co/T3vticluAg”
Bessent claims Trump destroyed nearly 100 percent of Iran military factories and announces economic D-Day
“President Trump has dismantled Iran’s military capabilities, destroyed nearly 100 percent of its military factories, and buried its nuclear program. We are now entering the endgame. At dawn begins an economic D-Day — the single greatest financial offensive ever marshaled against”
Bessent claims Trump destroyed nearly 100 percent of Iran military factories and announces economic D-Day
“President Trump has dismantled Iran’s military capabilities, destroyed nearly 100 percent of its military factories, and buried its nuclear program. We are now entering the endgame. At dawn begins an economic D-Day — the single greatest financial offensive ever marshaled against”
Bessent reports Iranian rial crashed through 2 million to the dollar as central bank cites revenue collapse
“Iran’s currency keeps plummeting: today, crashing through the exchange rate of 2 million rials to the U.S. dollar. Over the weekend, Iran's Central Bank Governor Abdolnaser Hemmati said that the simultaneous drop in Iran’s oil revenues, tax income, and social security https://t.co/ZjOczci1Xi”
Bessent reports Iranian rial crashed through 2 million to the dollar as central bank cites revenue collapse
“Iran’s currency keeps plummeting: today, crashing through the exchange rate of 2 million rials to the U.S. dollar. Over the weekend, Iran's Central Bank Governor Abdolnaser Hemmati said that the simultaneous drop in Iran’s oil revenues, tax income, and social security https://t.co/ZjOczci1Xi”
Bessent compares economic campaign against Iran to D-Day, launching financial onslaught
“In the Second World War, D-Day marked the historic beginning of a campaign with our allies to target and drive the enemy from its positions, including those in third countries. Today, in that same spirit, we are launching an economic onslaught against Iran’s financial connections https://t.co/1fLyobUucu”
Bessent compares economic campaign against Iran to D-Day, launching financial onslaught
“In the Second World War, D-Day marked the historic beginning of a campaign with our allies to target and drive the enemy from its positions, including those in third countries. Today, in that same spirit, we are launching an economic onslaught against Iran’s financial connections https://t.co/1fLyobUucu”
Bessent recalls warning Iranians to exit rial in March 2025 when it was 887,500 to dollar with 35% inflation
“On March 6, 2025, at the Economic Club of New York, I said that if I were an Iranian, I would get my money out of the rial. At the time, "official inflation" was 35%, the currency had depreciated by 60%, and the exchange rate was 887,500 rials to the U.S. dollar. https://t.co/Ix5hv9ZbFY”
Bessent says Treasury is giving a cure period but will move very quickly if expectations are not met.
“We believe that it is important to level set and give people a cure period, but they should know that that will move very quickly and that we are serious.”
Bessent declares zero breathing space policy to prevent Iran from rebuilding terror capacity.
“There will be no minimal breathing space for the regime to rebuild its capacity to inflict terror against America and the world.”
Bessent announces new sectoral sanctions targeting five Iranian lifelines: digital assets, technology, gold, aviation, shipping.
“The new sectoral sanctions determinations issued today target five of Iran's most vital lifelines that it exploits in other countries: digital assets, technology, gold, aviation, and shipping.”
Bessent says Iran has long calculated American enforcement as negotiable while its own retaliation is certain.
“For decades, this regime has drawn strength from a calculus that regards Iranian retaliation as certain and American enforcement as negotiable.”
Bessent announces over 60 new sanctions on entities enabling Iran's nuclear, missile, cyber, and oil operations.
“As I speak, Treasury's Office of Foreign Assets Control is also sanctioning over 60 entities, individuals, and vessels around the world that enable the Iranian regime to procure illicit nuclear and missile technology, conduct cyber operations, and generate oil revenue.”
Bessent announces new sectoral sanctions targeting five Iranian economic lifelines in other countries.
“The new sectoral sanctions determinations issued today target five of Iran's most vital lifelines that it exploits in other countries: digital assets, technology, gold, aviation, and shipping.”
Bessent announces Treasury will block every IRGC revenue source starting today in Operation Economic Outcast.
“Beginning today, the actions of Treasury and other agencies will tighten the noose and block every potential source of revenue that funds the IRGC and the evil Iranian regime.”
Bessent warns countries have defined timelines to comply or face unilateral Treasury action.
“Every country has a defined timeline to shut down activities we have identified. If they do not take action, we will do so unilaterally through Treasury authorities.”
Bessent announces Treasury will block every revenue source funding the IRGC and Iranian regime starting today.
“Beginning today, the actions of Treasury and other agencies will tighten the noose and block every potential source of revenue that funds the IRGC and the evil Iranian regime.”
Bessent warns entities facilitating Iranian money laundering will be removed from the US dollar system.
“And let me be clear, any entity that facilitates money laundering on behalf of Iran will be removed from the US dollar system.”
Bessent says Treasury has mapped every node Iran uses to smuggle oil and evade sanctions.
“Treasury has mapped every node, every facilitator, and every network that Iran has used to smuggle oil and evade sanctions.”
Bessent warns those who don't meet expectations should expect to leave the dollar system.
“And if people do not want to meet our expectations, then we expect and they should expect that they should will leave the dollar system.”
Bessent announces zero leakage enforcement approach denying Iran any breathing space to rebuild terror capacity.
“We are enforcing a zero leakage approach. There will be no minimal breathing space for the regime to rebuild its capacity to inflict terror against America and the world.”
Bessent threatens to remove from dollar system any entity facilitating Iranian money laundering.
“For example, every branch of bank melee must be shuttered and dark. And let me be clear, any entity that facilitates money laundering on behalf of Iran will be removed from the US dollar system.”
Bessent warns entities facilitating Iranian money laundering face removal from dollar system.
“any entity that facilitates money laundering on behalf of Iran will be removed from the US dollar system.”
Bessent says Iran has long viewed retaliation as certain but American enforcement as negotiable.
“For decades, this regime has drawn strength from a calculus that regards Iranian retaliation as certain and American enforcement as negotiable.”
Bessent argues nations financing Iran mistakenly believe they can evade the threat.
“The final refuge of this regime is a mistaken conclusion of nations that still finance the Iranian threat in the hopes of evading it.”
Bessent announces entities facilitating Iranian money laundering will be removed from dollar system with clock now ticking.
“any entity that facilitates money laundering on behalf of Iran will be removed from the US dollar system. The clock just started ticking.”
Bessent expects major financial institution to be sanctioned by end of week.
“I would expect that you will see a major announcement of a financial institution being sanctioned by the end of this week.”
Bessent cites Iranian President Pezeshkian acknowledging economic shortages and saying war must end
“Iran’s leadership is admitting what the world can now see: the pressure is working. President Masoud Pezeshkian acknowledged Iran’s economic shortages, saying, “The war must come to an end at some point.” Mohammad Bagher Ghalibaf, Iran’s parliamentary speaker, was even more https://t.co/IEopNO1cT8”
Bessent cites Iranian President Pezeshkian acknowledging economic shortages and saying war must end
“Iran’s leadership is admitting what the world can now see: the pressure is working. President Masoud Pezeshkian acknowledged Iran’s economic shortages, saying, “The war must come to an end at some point.” Mohammad Bagher Ghalibaf, Iran’s parliamentary speaker, was even more https://t.co/IEopNO1cT8”
Bessent argues that appeasing Iran has only resulted in violent attacks against countries in the region.
“And what have what have these countries gotten over the years from appeasing Iran? They were subject to violent attacks. While we were bombing Iran, they were bombing them.”
Bessent announces a wave of sanctions starting immediately with more to follow at a continuing pace.
“And I want to emphasize that we are spreading out across the world as we speak, that you will see a wave of sanctions when you leave this meeting today, and you should expect that cadence to continue.”
Bessent expects broad array of countries to take similar actions to UAE on Iran.
“I would expect that we would see a broad array of countries taking similar actions as we continue our engagement.”
Bessent declares that buying appeasement from Iran will no longer work with the United States.
“And on the other side, with this regime, trying to buy appeasement will no longer work in the eyes of The United States Of America.”
Bessent thanks Bahrain finance minister for coordination on Operation Economic Outcast against Iran
“I appreciate H.E. Shaikh Salman bin Khalifa Al Khalifa’s coordination on Operation Economic Outcast. Alongside @POTUS, we will continue to work closely to defend the integrity of the global financial system and cripple the threat of the Iranian regime. https://t.co/KuhXuPG0x5”
Bessent thanks Bahrain finance minister for coordination on Operation Economic Outcast against Iran
“I appreciate H.E. Shaikh Salman bin Khalifa Al Khalifa’s coordination on Operation Economic Outcast. Alongside @POTUS, we will continue to work closely to defend the integrity of the global financial system and cripple the threat of the Iranian regime. https://t.co/KuhXuPG0x5”
Bessent criticizes Iranian regime for funding foreign proxies instead of domestic needs
“As the Iranian people struggle to afford basic necessities, the corrupt regime continues to squander enormous sums abroad. Instead of funneling billions of dollars to its terrorist proxies, the regime should spend that money for its people.”
Bessent claims U.S. has guided 130 million barrels out in 14 days while Iran exported zero under blockade
“The Blockade and Operation Economic Outcast will crush the failing Iranian economy. The USA has guided 130 millions barrels out over the past 14 days. Iran: 0 https://t.co/fvSXKpXRgs”
Bessent claims U.S. has guided 130 million barrels out in 14 days while Iran exported zero under blockade
“The Blockade and Operation Economic Outcast will crush the failing Iranian economy. The USA has guided 130 millions barrels out over the past 14 days. Iran: 0 https://t.co/fvSXKpXRgs”
“Treasury promised to sever every economic lifeline Tehran has left and finally end the threat of the Iranian regime. We also warned that Iran’s enablers cannot continue to enjoy access to the U.S. dollar and the global financial system. Banque Misr UAE decided to find out the https://t.co/bMPIrlbrFF”
Bessent says there will be no breathing space for the Iranian regime to rebuild its terror capacity.
“There will be no minimal breathing space for the regime to rebuild its capacity to inflict terror against America and the world.”
Bessent warns entities facilitating Iranian money laundering will be removed from the dollar system.
“And let me be clear: any entity that facilitates money laundering on behalf of Iran will be removed from the U.S. dollar system.”
Bessent announces Treasury will block every revenue source funding the IRGC and Iranian regime.
“Beginning today, the actions of Treasury and other agencies will tighten the noose and block every potential source of revenue that funds the IRGC and the Iranian regime.”
Bessent threatens to cut off any entity facilitating Iranian sanctions evasion from U.S. financial system.
“If they fail to act, Treasury will act. Any entity that facilitates money laundering or sanctions evasion on behalf of Iran risks being cut off from the U.S. financial system.”
Bessent announces a zero-leakage sanctions approach with no breathing space for Iran to rebuild.
“We are enforcing a zero-leakage approach. There will be no minimal breathing space for the regime to rebuild its capacity to inflict terror against America and the world.”
Bessent compares today's Iran sanctions campaign to D-Day, calling it an economic onslaught against global financial connections.
“Today, in that same spirit, we are launching an economic onslaught against Iran’s financial connections around the globe.”
Bessent warns countries partnering with Tehran will share in the isolation of a withering regime.
“Those who stand with the United States will reap the rewards of our partnership. Those who tether themselves to Tehran should expect to share in the isolation of a withering regime.””
Bessent says countries have defined timelines to act or Treasury will impose unilateral sanctions.
“Every country has a defined timeline to shut down activities we have identified. If they do not take action, we will do so unilaterally through Treasury authorities.”
Bessent announces sectoral sanctions targeting digital assets, technology, gold, aviation, and shipping.
“The new sectoral sanctions determinations issued today target five of Iran’s most vital lifelines that it exploits in other countries: digital assets, technology, gold, aviation, and shipping.”
Bessent frames Iranian regime's choice as global isolation or economic reintegration.
“The Iranian regime faces a clear choice: severe global isolation or a path to reintegration with the global economy.”
Bessent frames Iran sanctions campaign as parallel to World War II D-Day offensive.
““In the Second World War, D-Day marked the historic beginning of a campaign with our allies to target and drive the enemy from its positions, including those in third countries.”
Bessent threatens to remove entities facilitating Iranian money laundering from the dollar system.
“For example, every Bank Melli branch must be shuttered. And let me be clear: any entity that facilitates money laundering on behalf of Iran will be removed from the U.S. dollar system.”
Bessent says Treasury has mapped every node Iran uses to smuggle oil and evade sanctions.
“Treasury has mapped every node, every facilitator, and every network that Iran has used to smuggle oil and evade sanctions.”
Bessent says Treasury, State, and War departments are demanding immediate global action on Iran.
“Teams from the Departments of Treasury, State, and War are engaging counterparts around the world to make clear that the United States expects immediate action.”
Bessent says every country gets defined timeline to shut down identified Iran-related activity.
“Every country will be given a defined timeline to shut down the Iran-related activity we have identified.”
Bessent says new measures increase secondary sanctions risk and speed of enforcement.
“These measures broaden secondary sanctions risk for anyone foolish enough to continue conducting business with this regime—and accelerate the speed with which we pursue them.”
Bessent pledges uncompromising targeting of all Iranian regime illicit revenue sources.
“Working with our partners across the U.S. government, Treasury will be uncompromising in targeting any source of the regime’s illicit revenue.”
Bessent says Trump is ending the Iranian threat, not merely managing it.
“And under his leadership, America is no longer managing the Iranian threat. We are ending it.”
Bessent says Trump took action predecessors deferred and America is no longer managing the Iranian threat.
““President Trump has taken action that his predecessors have long deferred. Under his leadership, America is no longer managing the Iranian threat.”
Bessent states Treasury's goal is to sever every economic lifeline Tehran has left and end the Iranian regime threat.
““Treasury promised to sever every economic lifeline Tehran has left and finally end the threat of the Iranian regime,” said Secretary of the Treasury Scott Bessent .”
Bessent says Banque Misr UAE processed approximately $1.8 billion for 103 companies potentially part of Iranian shadow banking networks.
“Treasury estimates that between January 2024 and June 2026, Banque Misr UAE processed approximately $1.8 billion for 103 companies that are potentially part of Iranian shadow banking networks.”
Bessent says Trump is ending Iran threat rather than managing it like predecessors.
““President Trump has taken action that his predecessors have long deferred. Under his leadership, America is no longer managing the Iranian threat. We are ending it.”
Bessent states the objective is severing every economic lifeline sustaining Iran's regime until Tehran stands alone.
“Our objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone,” said Secretary of the Treasury Scott Bessent.”
Bessent says OFAC is sanctioning over 60 entities enabling Iran's nuclear, missile, cyber, and oil activities.
“As I speak, Treasury’s Office of Foreign Assets Control is also sanctioning over 60 entities, individuals, and vessels across the world that enable the Iranian regime to procure illicit nuclear and missile technology, conduct cyber operations, and generate oil revenue.”
Bessent says Treasury promised to sever every economic lifeline Tehran has left and end the Iranian regime threat.
““Treasury promised to sever every economic lifeline Tehran has left and finally end the threat of the Iranian regime,” said Secretary of the Treasury Scott Bessent”
Bessent says countries get defined timelines to comply or face Treasury enforcement action.
“Every country will be given a defined timeline to shut down the Iran-related activity we have identified. If they fail to act, Treasury will act.”
Bessent says OFAC is sanctioning over 60 entities worldwide enabling Iran's nuclear, missile, and cyber programs.
“Treasury’s Office of Foreign Assets Control is also sanctioning over 60 entities, individuals, and vessels across the world that enable the Iranian regime to procure illicit nuclear and missile technology, conduct cyber operations, and generate oil revenue.”
Bessent characterizes Iran as seeking nuclear weapons to kill Americans.
“Iran’s fanatics devote themselves to “Death to America” and seek nuclear weapons to do just that.”
Bessent says Iran's calculus of certain retaliation and negotiable U.S. enforcement is over under Trump.
“For decades, this regime has drawn strength from a calculus that regards Iranian retaliation as certain and American enforcement as negotiable. Under President Trump, that era is over.”