US Plans Broad Financial Cutoff Against Iran, Treasury Says

The United States says it will sever all economic ties with Iran. Scott Bessent, the US Treasury secretary, described the plan as the “greatest financial offensive ever.” He said the US will use strong financial pressure to limit Iran’s access to money and international systems. Bessent also sent a warning to other countries. If any nation partners with Iran financially, that country could be isolated by the US as well. In practice, this could mean fewer banking options, tighter restrictions, and less ability to trade. The goal is to discourage financial cooperation with Iran and increase pressure on the Iranian government. The US message is that there will be consequences for both Iran and its financial partners.