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U.S. Will ‘Economically Asphyxiate’ Iranian Regime, Bessent Says

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U.S. Will ‘Economically Asphyxiate’ Iranian Regime, Bessent Says

Speaking on the sidelines of the G20 summit, U.S. Treasury Secretary Scott Bessent expressed optimism that the European Union, Britain and the United Arab Emirates were prepared to join the U.S. in suffocating Iran’s economy.

We have seen great support around the world, and we have zero tolerance. We are going to economically asphyxiate this regime. We are tracking down the I.R.G.C. assets, and I will say it on worldwide TV: Just so you know, we know where in the British Virgin Islands, your accounts are at these trust companies. We know the $100 million houses you have around the world. And we are going to freeze those. We are going to our partners. We are going to close all of that down.

Speaking on the sidelines of the G20 summit, U.S. Treasury Secretary Scott Bessent expressed optimism that the European Union, Britain and the United Arab Emirates were prepared to join the U.S. in suffocating Iran’s economy.

September 1, 2026



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