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US vows to suffocate Iran leadership via economic blockade tied to military offensive says Bessent
International
Published on 3 May 2026
Sanctions target anyone sending money to back the IRGC
US Treasury Secretary Scott Bessent said the United States is “suffocating” Iran’s leadership through an “economic blockade” launched in parallel with a military offensive. He said the Treasury is imposing measures on anyone trying to remit money into Iran to support the IRGC, Iran’s elite military force, signaling tighter financial pressure alongside force.
- Bessent calls the US effort an economic blockade against Iran
- Measures are meant to curb money flows tied to IRGC support
- The financial crackdown is described as running alongside a military offensive
- Treasury warns it will target intermediaries involved in remittances
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times