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US Won’t Hesitate on Russia and Iran Sanctions, Bessent Says

  • Treasury Secretary Scott Bessent stated that the U.S. Will aggressively use sanctions against Iran and Russia, aiming to cripple Iran's regime and force Russia to negotiate in Ukraine's ongoing conflict.
  • Bessent emphasized the intent to shut down Iran's oil sector and financial access, declaring, 'Making Iran broke again will mark the beginning of our updated sanctions policy.'
  • He noted that the Biden administration's previous sanctions were too weak, suggesting the U.S. Will impose tougher sanctions if necessary for a ceasefire in Ukraine.
  • Bessent warned that trading partners retaliating with tariffs would face higher duties, criticizing Canadian Prime Minister Justin Trudeau for his actions.
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franktrades.com broke the news in on Thursday, March 6, 2025.
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