U.S. Treasury Secretary Bessent signals intensified sanctions on Iran including cryptocurrency confiscation and maritime blockades amid Iran's oil shortage and fiscal pressure.
Regulation & Gov ·
U.S. Treasury Secretary Bessent indicated in a FOX News interview that the United States will intensify pressure on Iran through cryptocurrency confiscation and tightened maritime blockades, citing Iran's current lack of oil reserves at sea and negative cash flow as context for the escalation.