Cut financial ties to Iran or face consequences

Bessent warns the world to cut financial ties to Iran or face US retaliation

Treasury Secretary Scott Bessent said Monday that new U.S. secondary sanctions in the pipeline aim to block all potential sources of revenue for Iran, telling nations to cut economic ties to Tehran or face U.S. retaliation.

Bessent added it’s “no longer acceptable to operate in the gray spaces” of Iran conflict as US threaten sanctions against Tehran’s trade partners.

The treasury secretary did not name what countries could face potential secondary sanctions from the United States, but China, Turkey and the United Arab Emirates are Iran’s largest trade partners.

“Let there be no ambiguity as to the position of the United States,” Bessent said at a Monday afternoon news conference. “An economic engagement of any kind with this murderous regime will expose those responsible to the full reach of American power.”

Read about it...