Treasury Secretary Bessent said at a Camp David cabinet meeting on July 31 that, at President Trump’s direction, the Treasury is continuing an economic campaign against Iran and is tracing Iranian assets worldwide. He claimed measures advanced in Mar

2026-08-01

Treasury Secretary Bessent said at a Camp David cabinet meeting on July 31 that, at President Trump’s direction, the Treasury is continuing an economic campaign against Iran and is tracing Iranian assets worldwide. He claimed measures advanced in March 2025 resulted in Iran’s largest private bank declaring bankruptcy by year-end, forced large-scale central bank money printing that pushed up inflation, and left Iran unable to pay military wages.