“The Iranian regime is engaged in a ritual of economic self-immolation,” Treasury Secretary Scott Bessent said Friday, as the Trump administration imposed new sanctions on Iran’s oil-export “shadow fleet” amid a widening crackdown on protesters and mounting U.S. pressure across the region.
Bessent made the remarks in a single X post announcing the action and linking directly to the Treasury Department’s release, charging that Tehran’s decision to support terrorists over its own people has sent Iran’s currency and living conditions into free fall.
“Today’s sanctions target a critical component of how Iran generates the funds used to repress its own people,” Bessent said, adding that Treasury will continue tracking “the tens of millions of dollars that the regime has stolen and is desperately
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