Iran Under Fire as Bessent Ratchets Up Financial Squeeze
Iran is facing significant economic pressure due to the implementation of Operation Economic Fury, led by Treasury Secretary Scott Bessent. The blockade has resulted in high inflation and widespread unemployment in Iran, with many troops and police not receiving pay. The U.S. is also seizing Iranian assets, including cryptocurrency, as part of its strategy to weaken the Iranian regime financially.
- ▪Operation Economic Fury is a blockade against Iran directed by President Trump.
- ▪Inflation in Iran is estimated to be over 200 percent, leading to severe economic hardship.
- ▪The U.S. has seized approximately $1 billion in Iranian cryptocurrency with the help of offshore exchanges.
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up next: now reading: Iran Facing Multifront War as Bessent Ratchets Up Financial Squeeze Iran Facing Multifront War as Bessent Ratchets Up Financial Squeeze By Larry KudlowJune 04, 2026 AP AP X Story Stream recent articles Video: Global Warming Lorem Ipsum Dolor Sit ... Article: Global Warming Lorem Ipsum Dolor Sit ... Article: Global Warming Lorem Ipsum Dolor Sit ... Entry: Global Warming Lorem Ipsum Dolor Sit ... Video: Global Warming Lorem Ipsum Dolor Sit ... When I interviewed Secretary Scott Bessent last Friday at the Reagan Library, he made a number of important points. Wartime points. That is why I have called him the best wartime Treasury secretary since World War II.
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