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US Treasury Secretary Bessent announces intensified economic campaign against Iran
US Treasury Secretary Scott Bessent has announced an intensified economic campaign against Iran, stating that the regime is being targeted to ensure it cannot maintain power or develop nuclear capabilities. Bessent indicated that the US may implement new secondary sanctions on a weekly basis, specifically targeting banks and entities that facilitate transactions for the Islamic Revolutionary Guard Corps (IRGC), including aircraft leasing companies.
During a G20 meeting in North Carolina, Bessent noted that the Iranian economy could face collapse within weeks or months due to naval blockades and mounting pressure. He also predicted that the Strait of Hormuz might be bypassed within two years as oil transport shifts toward land-based pipelines to mitigate regional instability.
Regarding international cooperation, Bessent claimed that the US and China share common ground on preventing Iran from acquiring nuclear weapons and maintaining freedom of navigation in the Strait of Hormuz. He also highlighted that the US is tracking IRGC assets, including accounts in the British Virgin Islands and global real estate holdings, with the intent to freeze them.
Entities
Banque Misr · China · G20 · Iran · Islamic Revolutionary Guard Corps · Scott Bessent · US Treasury · United States · United States Department of the Treasury
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] The Strait of Hormuz may be bypassed within two years as oil is moved via land pipelines. www.tfmedia.co.kr
- [● 2 SOURCES] The US plans to announce sanctions against at least one bank this week and another next week. www.tfmedia.co.kr · www.naftemporiki.gr
- [● 2 SOURCES] The US is considering sanctions against aircraft leasing companies and other entities dealing with the IRGC. www.tfmedia.co.kr · www.naftemporiki.gr
- [● 2 SOURCES] The US is warning third-party nations that they must choose between economic ties with the US or Iran. mekongasean.vn · soha.vn
- [○ 1 SOURCE] The Iranian economy could collapse within weeks or months due to naval blockades and sanctions. www.fortunegreece.com
- [○ 1 SOURCE] The US Treasury has launched Operation Economic Outcast to isolate Iran's economy. mekongasean.vn
- [● 4 SOURCES] The US may announce new secondary sanctions against Iran on a weekly basis. mekongasean.vn · www.tfmedia.co.kr · www.naftemporiki.gr · www.capital.gr
- [○ 1 SOURCE] The US Treasury claims to have identified IRGC assets and accounts in the British Virgin Islands. www.naftemporiki.gr
- [○ 1 SOURCE] The US and China agree on the necessity of Iran not possessing nuclear weapons and ensuring freedom of navigation in the Strait of Hormuz. www.albiladpress.com
- [● 3 SOURCES] The US is pursuing a zero-tolerance policy to economically choke the Iranian regime. www.albiladpress.com · www.tfmedia.co.kr · www.naftemporiki.gr