Bessent details expanding economic pressure campaign against Iran
Treasury Secretary Scott Bessent has laid out steps to cut Tehran off from oil income, overseas financial channels and overland trade routes, including through Turkey.
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What happened
US Treasury Secretary Scott Bessent outlined an expanding campaign to deprive Tehran of oil revenue, overseas financial networks and transport routes, including overland routes through Turkey. Commentators said US sanctions and a naval blockade increasingly target the financial networks and security structures sustaining Iran's government. Bessent said on Fox & Friends Weekend that the US will continue to pressure Iran's economy.
Why it matters
Experts said the campaign raises questions about whether economic pressure can force political change in Iran. Bessent's remarks also came amid criticism from Democratic politicians of Treasury policies.
Timeline
- Oct 10, 7:23 PM ET: Bessent outlined an expanding plan to cut off Iran's oil revenue, financial networks and transport routes, including overland routes through Turkey.
- Oct 11, 6:09 AM ET: Experts said US sanctions and a naval blockade increasingly target the financial structures sustaining Iran's government.
- Oct 11, 10:27 AM ET: Bessent said on Fox & Friends Weekend that the US will continue to pressure Iran's economy.
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