U.S. Treasury Secretary Scott Bessent detailed an aggressive campaign of economic "asphyxiation" against Iran, warning that the Trump administration could strip banks, firms or other entities that do business with the regime of access to the U.S. dollar-based financial system.During a fireside chat with FOX Business’ Larry Kudlow on Tuesday at the G20 Finance Ministerial in Asheville, North Carolina, Bessent said the U.S. had identified the Islamic Revolutionary Guard Corps’ (IRGC's) offshore accounts held by trust companies and luxury real estate holdings."Countries that go against this embar...
Bessent vows to 'asphyxiate' Iran economically, warns regime's offshore assets will be frozen
HALO Newsroom
Sep 1, 2026 • 1 week ago
HALO Observer Insight
An independent HALO consumer takeaway — for costs, wellness, or policy context — will appear here automatically for this story. HALO adds this original editorial insight to every syndicated report before publication.