1 hr ago
Bessent Threatens Iran Supporters as US Intensifies Economic Pressure
Scott Bessent is a senior United States official who warned people helping Iran’s government.
He said banks and companies that keep doing business with Iran could face severe penalties.
He mentioned one Egyptian bank’s Dubai branches as an example.
He said those branches had provided more than $1.8 billion to Iran since 2025.
The United States is also examining businesses involved in shipping, aviation and digital assets.
Bessent said Russia and Vladimir Putin are supporting Iran and are receiving attention from Washington.
He claimed Iran is experiencing very high inflation, a weaker currency and long lines for petrol.
The United States says its goal is to isolate Iran’s government from the global economy.
Treasury Secretary Scott Bessent warned countries, banks and companies supporting Iran that the United States could target them economically.
Bessent cited sanctions against Dubai branches of an Egyptian bank, which he said provided more than $1.8 billion to Iran since 2025.
He said expanded Treasury authorities allow action against Iran’s support network across aviation, shipping and digital assets.
Bessent said Russia’s Vladimir Putin and other supporters of Iran are under scrutiny as Washington increases pressure on Tehran.
He described a campaign combining sanctions, military and maritime pressure, while citing inflation above 100 percent and other economic difficulties inside Iran.
- Who
- United States Treasury Secretary Scott Bessent, the Trump administration, Iran and entities accused of supporting Tehran.
- What
- Bessent warned Iran’s financial and commercial supporters that the United States may impose measures severe enough to drive them out of business.
- Where
- In an interview on Fox News’ Fox & Friends, concerning entities operating internationally, including Dubai branches of an Egyptian bank.
- When
- Wednesday, September 2; the article does not specify the year.
- Why
- The Trump administration says it is trying to prevent Iran from bypassing United States sanctions and to isolate its government economically.
Key facts
- Official issuing the warning
- United States Treasury Secretary Scott Bessent
- Target of the pressure campaign
- Iran and countries, banks and businesses supporting Tehran
- Banking example cited
- Dubai branches of an Egyptian bank
- Amount cited
- More than $1.8 billion allegedly provided to Iran since 2025
- Sectors under scrutiny
- Aviation, shipping and digital assets
- Economic conditions cited in Iran
- Inflation above 100 percent, a weakening currency and hourslong petrol-station queues
- Broader strategy
- Sanctions combined with military and maritime pressure
Quotes
Scott Bessent
US Treasury secretary
“Now we are applying sanctions like have never been seen before that are going to asphyxiate the regime.”
livemint.com
“We know who you are, you know who you are, and if we have to, we will put you out of business.”
livemint.com
Sources
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