Bessent: Iran’s Economy Floundering, Military Decimated; Treasury to Cut Shadow Networks
Treasury Secretary Bessent stated that Iran’s economy is floundering and its military decimated, and that the Treasury will continue to sever Iran’s shadow fleet, shadow banking networks, and access to global trade.
In a statement reported via Telegram channel FirstSquaw, Treasury Secretary Bessent described Iran’s economy as floundering and its military as decimated. He vowed that through economic measures, the Treasury Department will continue to dismantle Iran’s shadow fleet, shadow banking networks, and access to global trade.
The remarks underscore ongoing U.S. efforts to tighten economic pressure on Iran, targeting the illicit financial infrastructure that supports the regime. The impact on global oil markets and trade flows remains a key focus for traders monitoring geopolitical risk.
Source: First Squawk