US Plans Broad Financial Cutoff Against Iran, Treasury Says

The US says it will stop all economic ties with Iran. Scott Bessent is the US Treasury secretary. He said this is the “greatest financial offensive ever.” He also warned other countries. If a country does business with Iran in money matters, the US may isolate that country too. This means the US could block trade and financial support. The US wants to pressure Iran by using strong financial actions. The message is clear: Iran will face more limits, and partners may face limits as well.