{"id":275883,"date":"2026-09-03T01:13:11","date_gmt":"2026-09-03T01:13:11","guid":{"rendered":"https:\/\/www.europesays.com\/iran\/275883\/"},"modified":"2026-09-03T01:13:11","modified_gmt":"2026-09-03T01:13:11","slug":"bessent-us-destroying-irans-economy-asphyxiating-irgc","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/iran\/275883\/","title":{"rendered":"Bessent: US destroying Iran’s economy, ‘asphyxiating’ IRGC"},"content":{"rendered":"

Allies of the US will support the country’s efforts to “economically asphyxiate” Iran, US Treasury Secretary Scott Bessent announced on Tuesday morning.<\/p>\n

Iran is in “economic death throes,” and will soon be ready to make a deal with the US, he added.<\/p>\n

Speaking at the conclusion of the G20<\/a> meeting, Bessent explained that he used the opportunity to push allies to join the American effort to completely isolate Iran’s economy through Operation Economic Outcast.<\/a><\/p>\n

The operation has been met with “a great show of support,” Bessent told reporters. “What I can tell you is many of our allies came forward and said we will do whatever is necessary.”<\/p>\n

He didn’t provide further details as to what the support would look like.<\/p>\n

The treasury secretary said that conversations with Chinese officials<\/a> had been “productive.” He emphasized that the US and China agree on more than they disagree on with regards to Iran, adding that both wish to prevent Iran for obtaining a nuclear weapon.<\/p>\n

Bessent said that discussions with Chinese officials were “intentionally quiet.”<\/p>\n

Although both parties want free trade to resume in the Starit of Hormuz, Bessent<\/a> made it clear that they had not yet reached a specific agreement regarding the strait.<\/p>\n

He also emphasized that the US doesn’t need Chinese support for Operation Economic Outcast to succeed, telling reporters that the US will block Iran from converting Chinese yuan into USD.<\/p>\n

“When that money cannot be converted to dollars, then the Iranian regime will starve.”<\/p>\n","protected":false},"excerpt":{"rendered":"Allies of the US will support the country’s efforts to “economically asphyxiate” Iran, US Treasury Secretary Scott Bessent…\n","protected":false},"author":2,"featured_media":275884,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[3],"tags":[262,73304,34,6475,424,7998,2288,51,24135,16291,256],"class_list":["post-275883","post","type-post","status-publish","format-standard","has-post-thumbnail","category-iran","tag-china","tag-g20","tag-iran","tag-iran-sanctions","tag-irgc","tag-sanctions-against-iran","tag-scott-bessent","tag-united-states","tag-us-china-relations","tag-us-sanctions-on-iran","tag-usa"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/117204458330461264","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/275883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=275883"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/275883\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/275884"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=275883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=275883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=275883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}