U.S. Treasury Secretary Scott Bessent said the Trump administration is escalating its pressure campaign on Iran from what he described as "maximum pressure" to "absolute isolation," according to U.S. media coverage cited by ChainCatcher. Speaking on Thursday at the Newsmax NPolicy Summit in Washington, Bessent said the effort goes beyond financial sanctions and includes maritime blockades, tighter limits on air transport, and moves to cut off overland routes in order to restrict Iran’s access to international markets, transportation networks, and financial resources.
Bessent also said the U.S. government may seize roughly $1 billion worth of crypto assets this week. He said authorities have identified where the assets are and are taking steps to isolate them. He added that the U.S. is working with the United Arab Emirates and Oman, while coordinating with Pakistan and Turkey, in an effort to cut Iran’s land transport links. Bessent said the broader goal is to fully block Iranian oil exports and restrict international travel by Iranian officials and people tied to the regime.
The report did not disclose which tokens are involved, any wallet addresses, the agency that would carry out the seizure, or the legal basis for the action. It also remains unclear whether the crypto seizure has been formally executed.
U.S. Treasury Secretary Scott Bessent said the Trump administration is raising its pressure campaign on Iran from "maximum pressure" to what he called "absolute isolation," according to U.S. media reports cited by ChainCatcher.
Speaking on Thursday at the Newsmax NPolicy Summit in Washington, Bessent said the effort would extend beyond financial sanctions. He said the U.S. would also use maritime blockades, restrictions on air transport, and moves to cut off overland routes to further limit Iran’s access to international markets, transport networks, and financial resources.
Bessent also said the U.S. government may seize about $1 billion in crypto assets this week. He said authorities already know where the assets are and are taking steps to isolate them.
He added that the U.S. is working with the United Arab Emirates and Oman, and coordinating with Pakistan and Turkey, in an attempt to sever Iran’s land transport corridors. He said the administration’s goal is to fully block Iranian oil exports and restrict international travel by Iranian officials and individuals linked to the regime.
The report did not identify the tokens involved, any wallet addresses, the agency responsible for carrying out the seizure, or the legal basis for the move. It also remains unclear whether the crypto seizure has been formally carried out.
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