1 hr ago
US Treasury Targets Iran’s Networks as Vance Defends Regional Role
The US Treasury met with financial institutions from around the world.
The meeting focused on limiting Iran’s ability to receive and use money.
Officials said the effort would target revenue streams and procurement networks linked to Iran.
They also discussed people who help Iran access banking relationships.
Treasury Secretary Scott Bessent said banks were cooperating with the US government.
Vice President JD Vance said leaving the region could cause a worldwide energy crisis.
He said this could happen if Iran kept attacking shipping.
Vance said the US presence would protect American assets and help keep energy supplies moving.
The US Treasury said its Financial Crimes Enforcement Network convened global financial institutions over Operation Economic Outcast.
The initiative aims to restrict Iran’s revenue streams, procurement networks, and access to banking relationships.
Treasury Secretary Scott Bessent said financial institutions were supporting efforts against the Iranian regime.
Vice President JD Vance said a US withdrawal from the region could trigger a worldwide energy crisis.
Vance said continued US involvement would protect American assets and help maintain global oil and natural-gas supplies.
- Who
- The United States Department of the Treasury, the Financial Crimes Enforcement Network, global financial institutions, Scott Bessent, and JD Vance.
- What
- US officials are coordinating with financial institutions to restrict Iran’s financial networks while defending continued US involvement in the region.
- Where
- The financial meeting’s location was not specified; the policy concerns Iran, the Middle East, and global energy markets.
- When
- The meeting and statements took place on Wednesday.
- Why
- The Treasury said it seeks to limit Iran’s ability to fund the war, while Vance said US involvement is needed to protect assets and maintain energy supplies.
Continue US Involvement
Leave the Region
Regional role and energy security
Continue US Involvement
JD Vance said continued US involvement protects American assets and helps ensure that global energy markets receive oil and natural gas supplies.
Leave the Region
Vance described withdrawal as an alternative that could leave the Middle East on its own and potentially produce a worldwide energy crisis if Iran continued attacking shipping.
Pressure on Iran
Continue US Involvement
The US Treasury said financial institutions should help shut down revenue streams and procurement networks tied to the Iranian regime.
Leave the Region
The articles do not identify a specific opposing official or group challenging the Treasury’s financial strategy.
Key facts
- Initiative
- Operation Economic Outcast
- Lead agency
- Financial Crimes Enforcement Network
- Target of financial effort
- Iranian revenue streams, procurement networks, and banking access
- Treasury secretary
- Scott Bessent
- Administration argument
- Restricting Iran’s financial capacity and preventing the regime from rebuilding its ability to inflict terror
- Vice president’s warning
- A US withdrawal could lead to a worldwide energy crisis if Iran continued shooting at shipping
- Energy supplies cited
- Oil and natural gas
Quotes
Scott Bessent
US Treasury secretary
“What I would say to anybody who’s frustrated right now is the alternative here, which is the United States effectively says to the Middle East, ‘You’re on your own,’ would mean necessarily a worldwide energy crisis, so long as the Iranians keep on shooting at shipping, which we know that’s exactly what they would do.”
wionews.com
“The event armed financial institutions with the information they need to shut down revenue streams and procurement networks tied to the Iranian regime.”
wionews.com
Sources
Related news
United States Launches Operation Economic Outcast to Isolate Iran
EU Officially Joins US-Led Economic Pressure Campaign Against Iran
US Launches Operation Economic Outcast to Isolate Iran Economically
US Unveils Fresh Iran Sanctions, Warns Global Partners
Bessent Warns Iran Supporters as US Escalates Sanctions Campaign
US Targets Iran’s Economy as Tehran Blacklists Tankers
Georgia To Suspend Sanctioned Iranian Airline Flights September 21
Bessent Says China’s Belt and Road Has Become Debt Collection
World Bank Makes Nuclear Energy Financing a Priority
Rising US Bond Yields Threaten Global Growth and Budgets
