Bessent on Iran sanctions: 10 key points from Trump administration's 'economic asphyxiation' plan
New Delhi, Aug. 25 -- US Treasury Secretary Scott Bessent on Monday (August 24) unveiled a sweeping economic pressure campaign against Iran, warning countries and companies that continue doing business with Tehran that they could face secondary sanctions and potentially lose access to the US financial system.
Bessent said the Trump administration would target Iran's financial connections, oil revenues and other economic lifelines as Washington seeks to increase pressure on Tehran nearly six months into the war.
Here are 10 key points from Bessent's remarks on the Iran sanctions:
Bessent said Washington is targeting Iran's financial connections worldwide in an effort to isolate Tehran economically.
"We are launching an economic onslaug...
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