US Treasury’s Scott Bessent warns Iranian elites their offshore fortunes and luxury properties will be frozen as Washington escalates its economic war on Tehran.

Scott Bessent says the U.S. will keep tightening Iran’s access to global finance as Treasury prepares another banking action.

Treasury Secretary Scott Bessent told Reuters the effort will escalate to cutting institutions off from the dollar-based financial system

US Treasury chief says Tehran's actions show it is taking sanctions threat seriously