U.S. Treasury Secretary Vows Intensified Economic Pressure on Iran

According to the International Desk of Webangah News Agency, U.S. Treasury Secretary Scott Bessent issued a threatening statement against Iran, claiming that economic pressures on the country are increasing and that its allies will be incapable of saving it. Bessent emphasized the continuation of financial pressures, stating, “We will not retreat until Iran’s treasury is depleted and all financial arteries supplying its war machine are severed.” These remarks come at a time when any escalation of military conflict with Iran could impose significant economic and military costs on the United States. Disruptions to oil and gas supplies, increased energy prices, pressure on global markets, and concerns about the spread of crisis in the Middle East present serious challenges for Washington and the global economy, prompting exaggerated rhetoric from U.S. officials against Iran. The administration of President Donald Trump imposed new sanctions on Iran on Thursday, October 15, 2026 (October 23, 1405 Solar Hijri). In recent months, the U.S. administration has expanded the scope of Iran-related sanctions in the financial, oil, petrochemical, transportation, and military equipment supply sectors. Many countries worldwide have deemed unilateral U.S. sanctions illegal and have emphasized their continued trade with Iran.