U.S. Treasury Secretary Bessent said Iran’s economy is being steadily squeezed and even its nominal allies are powerless to reverse it. The Treasury will not relent unless the Iranian regime’s coffers are exhausted and every financial lifeline supporting its war machine is cut.

2026-10-16

U.S. Treasury Secretary Bessent said Iran’s economy is being steadily squeezed and even its nominal allies are powerless to reverse it. The Treasury will not relent unless the Iranian regime’s coffers are exhausted and every financial lifeline supporting its war machine is cut.