U.S. Treasury Secretary Scott Bessent announced on Monday, August 24, the launch of Washington’s new campaign to intensify economic pressure on the Islamic Republic, stating that the U.S. objective is to sever all economic lifelines keeping the Iranian regime afloat. Concurrently, the U.S. Department of the Treasury announced the expansion of secondary sanctions threats targeting activities tied to Iran across five key economic sectors.
Speaking at a press briefing, Bessent stated that the administration of U.S. President Donald Trump has initiated an “economic ostracization operation” against the Islamic Republic and its supporters and facilitators.
“Across the globe, our goal is to cut off all economic lifelines sustaining this authoritarian regime until Tehran stands completely isolated,” he said.
The U.S. Treasury Secretary added that Washington has launched an economic offensive targeting Iran’s financial connections worldwide, striving to block the channels through which the Iranian regime accesses financial and economic resources.
Bessent also warned that countries perceived by Washington to be participating in activities related to Iran will be given a strict deadline to cease those activities, failing which they will face punitive measures from the U.S. Department of the Treasury.
