Bessent says US isolation of Iran includes a $1 billion crypto target

U.S. Treasury Secretary Scott Bessent outlines broader isolation

Bessent described a strategy that combines financial pressure with military and maritime measures to quarantine Iran’s ruling regime. The stated goal extends beyond restricting its finances to blocking access to transportation and international markets.

“We did have a maximum pressure campaign. Now we have an absolute isolation campaign and it’s working,” he told Van Susteren.

The measures he outlined include naval blockades, restrictions on international flights and efforts to close routes over land. Bessent said the administration had already isolated Iran economically and presented the broader campaign as producing results.

Oil exports and regime officials face restrictions

Bessent predicted that the blockades and restrictions would bring Iran’s oil exports to a complete halt. He described military action and maritime blockades as parts of the effort to shut down those exports.

“For the first time ever since they started pumping oil, the history of Iran, they will have no oil on the water for sale,” he said.

U.S. Treasury Secretary Scott Bessent also claimed the measures were creating panic within the Islamic Revolutionary Guard Corps (IRGC). Citing a New York Times report, he said the IRGC “is now panicking amongst themselves.”