Washington, May 30 -- US Treasury Secretary Scott Bessent said that Washington has seized almost US$1 billion worth of Iranian assets in cryptocurrency, describing the move as part of an escalating economic campaign by Washington, geared towards cutting off all of Tehran's access to international finance.
Speaking during the Reagan National Economic Forum on Friday, Bessent said the Trump administration's sanctions drive, dubbed "Operation Economic Fury", had sharply increased pressure on Iran following weeks of military confrontation and economic restrictions.
"I think between five and a half to six weeks of an incredibly successful military campaign and then Operation Economic Fury, where we have really cut them off, they are at the end...