Bessent: Banks Now Finding Out the Hard Way on Iran Sanctions
Treasury Secretary Scott Bessent, whom I maintain is the most effective in his role since Alexander Hamilton, is still turning the screws on Iran’s economy. His efforts, Operation Economy Fury and Operation Economic Outcast, have been aimed at isolating Iran economically by cutting off all of its foreign trade, its oil sales, and all of the various money-laundering schemes it has historically used to get hard currency into its country’s coffers. Now the Iranian rial is crashing in a mega-inflation that is approaching Zimbabwean levels, and SECTREAS on Friday announced that yet another bank, this one in Turkey, has been cut off from Iran. Secretary Bessent took to his official X account to count coup.
Source: https://redstate.com/wardclark/2026/09/04/bessent-banks-now-finding-out-the-hard-way-on-iran-sanctions-n2206512
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