Bessent Pushes Banks for Help Enforcing Maximum Pressure on Iran

Treasury Secretary Scott Bessent told officials from some of the world’s biggest banks that their help is a vital part of the Trump administration’s push to ratchet up economic pressure on Iran.

“Our strategy is clear: We will apply economic pressure to the maximum extent possible to disrupt the Iranian regime’s access to the financial resources that fuel its destabilizing activities,” Bessent said, according to a copy of his remarks seen by Bloomberg News. “This includes the billions of dollars each year that Iran generates via its oil sales.”