According to Jin10, U.S. Treasury Secretary Bessent said on July 31 at a Cabinet meeting at Camp David in Maryland that the Treasury Department is continuing an economic campaign against Iran under President Donald Trump’s instructions and is tracking Iranian assets globally. Bessent added that after related actions were advanced in March 2025, Iran’s largest private bank declared bankruptcy, while the country’s central bank was forced to print large amounts of money, driving inflation higher. He also claimed Iran is now unable to pay military salaries. The remarks were reported by ChainCatcher as a brief news update.
According to Jin10, U.S. Treasury Secretary Bessent said on July 31 at a Cabinet meeting held at Camp David in Maryland that the Treasury Department is continuing its economic offensive against Iran under President Donald Trump’s instructions and is tracing Iranian assets on a global scale.
Bessent said that after related actions were pushed forward in March 2025, Iran’s largest private bank declared bankruptcy. He added that Iran’s central bank was forced to print large amounts of money, which drove inflation higher. Bessent also said Iran is now unable to pay military salaries.
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