Scott Bessent says Iran's economy is 'collapsing' as Treasury tightens financial vise
Bessent said sanctions have cut off dollar access and frozen $350 million in crypto assets as Iran’s rial has lost about a quarter of its value.
- U.S. Treasury Secretary Scott Bessent said on Wednesday that Operation Economic Outcast has isolated Iran's economy, predicting it could contract 20–25% between March 2026 and March 2027.
- Washington's blockade has prevented at least $25 billion in crude exports while freezing approximately $350 million in assets; depletion of floating oil inventories in Asian waters removed Tehran's critical financial buffer.
- Last month, annual inflation reached 89.8% as officials acknowledged nearly 700,000 job losses, while Bessent claimed the regime cannot pay security personnel or obtain foreign currency.
- Iranian President Masoud Pezeshkian recently admitted the Islamic Regime faces its "most severe crisis since the 1979 revolution," citing unprecedented pressure on energy facilities and factories.
- While U.S. officials claim proxy funding for Hezbollah is being cut, experts warn the pressure campaign lacks full international coordination; observers suggest economic strain may push the Supreme Leader toward a deal.
25 Articles
25 Articles
A report by the United States Department of the Treasury revealed that the maritime blockade and severe economic sanctions imposed by the United States on Iran
The head of the United States Ministry of Foreign Affairs, Scott Bessent, stated that because of Washington's sanctions, Iran "is not even able to finance its armed forces". "In the context of Operation Economic Outcast, the Iranian regime is running out of means of subsistence, and its agents are under pressure.
The US Treasury Secretary claimed that US efforts to isolate Iran economically had been "very successful."
Cleveland Jewish News
Trump says Iran’s missile arsenal reduced, drone production hampered
U.S. Treasury Secretary Bessent says Tehran cannot pay its troops, while U.S. Ambassador to Israel Huckabee says only Trump and Israeli Prime Minister Benjamin Netanyahu know whether further military action is coming.
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