US Treasury Secretary Scott Bessent said on July 31 that the department is continuing what he described as an economic offensive against Iran and is tracking Iranian assets on a global scale under instructions from President Donald Trump. Bessent made the remarks during a cabinet meeting held at Camp David in Maryland.
He also listed what he called the results of those efforts in front of Trump. According to Bessent, after related actions were advanced in March 2025, Iran’s largest private bank declared bankruptcy by the end of that year, while the Central Bank of Iran was forced to print large amounts of money, pushing inflation higher. He further claimed that Iran is now unable to pay military wages.
The remarks quickly drew skepticism and ridicule from online commenters. The item was carried by Odaily, citing Jin10 as the source.
US Treasury Secretary Scott Bessent said on July 31 that the Treasury Department is continuing an economic offensive against Iran under instructions from President Donald Trump and is tracking Iranian assets worldwide.
Bessent made the remarks during a cabinet meeting held at Camp David in Maryland. Speaking in front of Trump, he also laid out what he described as the campaign’s economic results.
According to Bessent, after related actions were advanced in March 2025, Iran’s largest private bank declared bankruptcy by the end of that year. He also said the Central Bank of Iran was forced to print large amounts of money, driving inflation higher, and claimed that Iran is now unable to pay military wages.
The comments quickly prompted skepticism and mockery from online users. The report was published by Odaily and cited Jin10.
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