US Treasury Secretary Scott Bessent says Iran is in an economic “death spiral” as sanctions and military pressure intensify. He claims Washington controls the Strait of Hormuz and predicts mounting financial strain will eventually push Tehran back towards negotiations with Washington.
US Treasury Secretary Scott Bessent said Washington will impose fresh sanctions on banks and entities aiding Iran, including those linked to the IRGC. He warned of financial-system restrictions, asset freezes and intensified enforcement, while citing cooperation with European and regional partners
