Bessent announced sanctions on Russia's two largest oil companies to cut funding for the war.
“Given President Putin's refusal to end this senseless war, Treasury is sanctioning Russia's two largest oil companies that fund the Kremlin's war machine. We encourage our allies to join us in and adhere to these sanctions.”
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 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 explains Treasury can use secondary sanctions because it does not take their use lightly.
“And in the terrorism finance department and at OFAC, the reason we are able to use secondary sanctions is because we do not take their use lightly.”
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 argues Treasury's credibility with secondary sanctions depends on not taking their use lightly.
“And in the terrorism finance department and in OFAC, the reason we are able to use secondary sanctions is because we do not take their use lightly.”
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 emphasizes secondary sanctions are very powerful, naming the acting undersecretary for terrorism finance.
“Secondary sanctions are a very powerful tool, and we here at Treasury this is Gene Wang, the acting undersecretary for terrorism finance.”
Bessent predicts a major financial institution will be sanctioned by the end of the week.
“And I would expect that you will see a major announcement of a financial institution being sanctioned by the end of this week.”
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.”
“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 reports OFAC has taken nearly 30 actions against over 300 individuals and entities since early 2025.
“In keeping with President Trump’s pledge to eliminate drug cartels, OFAC has prioritized targeting these and other criminal groups that threaten the welfare of Americans in close coordination with the Homeland Security Task Force, taking nearly 30 actions against over 300 individuals and entities since the beginning of 2025.”
Bessent warns Iran's enablers cannot access U.S. dollars, says Banque Misr UAE is being held accountable for supporting Iran.
““We also warned that Iran’s enablers cannot continue to enjoy access to the U.S. dollar and the global financial system.”
Bessent says removing Syria restrictions doesn't change Treasury's commitment to counter terrorism and hold bad actors accountable.
“The decision today to remove these restrictions on Syria does not change Treasury’s posture with regards to countering global terrorism and our commitment to hold bad actors in Syria accountable.”
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 says the sanctions relief will foster additional investment to promote Syria's stability.
““Today’s action will help foster additional investment in Syria to promote political and economic stability.””
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 frames Syria sanctions relief as delivering on Trump's promise to give Syrians a chance at greatness.
““Treasury is following through on President Trump’s promise to give the Syrian people a chance at greatness,” said Secretary of the Treasury Scott Bessent”
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 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 states that removing Syria restrictions does not change Treasury's counterterrorism posture overall.
“The decision today to remove these restrictions on Syria does not change Treasury’s posture with regards to countering global terrorism”
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 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 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 warns far-left extremists Treasury will use full economic tools against them.
““Far-left extremists, their fronts, and their enablers should be on notice: We will bring the full weight of our economic tools to bear,””
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 pledges to cut financial lifelines of political terrorist groups until eliminated.
““Political terrorism has no place in our society, and we will continue to cut the financial lifelines of these groups until they are eliminated.””
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 warns Treasury will use full economic tools against far-left extremists and their enablers.
““Far-left extremists, their fronts, and their enablers should be on notice: We will bring the full weight of our economic tools to bear,” said Secretary of the Treasury Scott Bessent”