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 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 far-left extremists Treasury will use economic tools against political terrorism
“Far-left extremists, their fronts, and their enablers should be on notice: We will bring the full weight of our economic tools to bear. Political terrorism has no place in our society, and we will continue to cut the financial lifelines of these groups until they are eliminated. https://t.co/9qRRLriBzS”
“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”