US Treasury chief vows continued economic pressure on Iran

US Treasury Secretary Scott Bessent has reiterated Washington’s commitment to maintaining economic pressure on Iran, saying measures targeting its key revenue sources will remain in place.

In a post on X on Tuesday evening, Bessent said the ongoing blockade of Iranian ports is aimed at restricting the country’s maritime trade and cutting off its primary income streams.

“The blockade directly targets the regime’s primary revenue lifelines,” he said, adding that storage facilities at Kharg Island could soon reach capacity, forcing disruptions in Iran’s oil production.

Kharg Island handles around 90 percent of Iran’s oil exports and is considered central to the country’s energy sector.

Bessent also said Iranian funds will remain frozen and warned that any individual or vessel involved in facilitating financial flows to Iran could face US sanctions.

The remarks come amid heightened tensions between Washington and Tehran over maritime security and economic restrictions.