US to End Dollar Access to Those Laundering Iran Money Says Bessent (Full)

Treasury Secretary Scott Bessent announced what he called an “unprecedented” US campaign to sever Iran from the global economy, warning that any country doing business with the country risks facing US sanctions. “We are launching an economic onslaught against Iran’s financial connections around the globe,” Bessent said at a press conference in Washington. He called the move “economic asphyxiation of this regime.” (Source: Bloomberg)