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US treasury secretary says Iran faces ‘greatest financial offensive ever’

US Treasury Secretary Scott Bessent has said Washington will cut all economic links with Iran and isolate any country that maintains financial partnerships with Tehran.

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US Treasury Secretary Scott Bessent has said Iran is facing what he described as the “greatest financial offensive ever”, as Washington moves to cut economic links with the country.

Bessent said the United States would sever all economic ties with Iran. He also warned that any nation that continues to partner with Iran financially would itself be isolated.

The remarks indicate a far-reaching financial pressure campaign aimed not only at Iran but also at countries or entities that maintain economic relationships with Tehran. The stated approach would expand the pressure beyond direct US-Iran ties by targeting wider international financial engagement with the country.

No further details were provided in the supplied material about the timing, legal mechanism or scope of the measures, nor about any response from Iran or other governments.

The latest known position is that the US treasury secretary has publicly set out an intention to cut economic links with Iran and isolate nations that continue financial partnerships with it.

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Reported from BBC News
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