Treasury's Bessent Vows to 'Economically Asphyxiate' Iran's Regime

US Treasury Secretary Scott Bessent reiterated the administration's sanctions strategy against Iran, stating "we are going to economically asphyxiate this regime" and pledging additional bank sanctions announcements throughout the week.

Why this matters. New bank sanctions expected through the week would further restrict Iran's access to international finance, compounding the fuel and currency crisis already underway.