FX.co ★ Scott Bessent announces launch of Economic Fury campaign against Iran

US Treasury Secretary Scott Bessent announced stepping up economic pressure on Tehran under a new government program, Economic Fury. The decision was made after Iran’s delegation refused to travel to Pakistan for talks with representatives of the US administration on April 23, 2026.

Washington plans to systematically restrict the republic’s ability to “generate, move, and repatriate funds,” using a naval blockade of seaports and tough sanctions. Treasury Secretary Scott Bessent posted on X that the measures “impact the regime’s core revenue sources” and would target anyone who finances Tehran. US authorities intend to fully isolate Iran’s financial system from global markets to stop support for the military conflict. The Treasury chief singled out the inadmissibility of covert trade operations, pledging immediate sanctions against intermediaries and companies involved in hidden deals.

President Donald Trump estimates that Iran is losing $500 million a day due to the ongoing naval blockade, creating a critical short‑term strain on the country’s budget. The US Attorney General confirmed the department’s readiness to initiate prosecutions against any international buyers of Iranian oil under US law. The Economic Fury campaign was officially launched by US Secretary of War Pete Hegseth with the aim of forcing Tehran’s leadership into diplomatic concessions. Total control over export flows of commodities remains the White House’s priority tool in the effort to restore regional security and financial stability.