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Treasury Secretary Scott Bessent @SecScottBessent - The Treasury Department, through Economic Fury, has targeted Iran’s international shadow banking infrastructure, access to crypto, shadow fleet, weapons procurement networks, funding for terrorist proxies in the region, and independent Chinese “teapot” refineries that support Iran’s oil trade. These actions have disrupted tens of billions of dollars in revenue that would be used to fund terrorism.
Under @POTUS’ maximum pressure campaign, Tehran’s inflation has doubled and its currency has rapidly depreciated.
Kharg Island, Iran’s primary oil export terminal, is soon nearing storage capacity, which will force the regime to reduce oil production, resulting in an additional approximately $170 million per day in lost revenue, and causing permanent damage to Iran’s oil infrastructure. Treasury will continue to exert maximum pressure and any person, vessel, or entity facilitating illicit flows to Tehran risks exposure to U.S. sanctions.
https://x.com/SecScottBessent/status/2049281442451001711

Treasury Secretary Scott Bessent @SecScottBessent - Iran’s shadow banking system serves as a critical financial lifeline for its armed forces, enabling activities that disrupt global trade and fuel violence across the Middle East. Illicit funds funneled through this network support the regime’s ongoing terrorist operations, posing a direct threat to U.S. personnel, regional allies, and the global economy. Financial institutions are on notice: Any institution that facilitates or engages with these networks is at risk of severe consequences.
Quote:
Treasury Department @USTreasury
Today, as part of Economic Fury, Treasury’s Office of Foreign Assets Control designated 35 entities and individuals that oversee Iran’s shadow banking architecture and facilitate the movement of the equivalent of tens of billions of dollars. These networks allow Iran’s armed forces—including the Islamic Revolutionary Guard Corps—to access the international financial system to receive payment for illicit oil sales, purchase sensitive components for missiles and other weapons systems, and transfer money to Iran’s terrorist proxies.
https://x.com/SecScottBessent/status/2049211227914809482

Treasury Secretary Scott Bessent @SecScottBessent - Read more on @USTreasury’s initiatives throughout Financial Literacy Month:
https://home.treasury.gov/news/press-releases/sb0429
https://x.com/SecScottBessent/status/2049179858903740489

Trump War Room @TrumpWarRoom - ICYMI: The Richmond Fed's Manufacturing Index smashed expectations!