WATCH: Treasury Secretary Bessent — ‘We’re upping the pressure on an already suffocating regime’

US Treasury Secretary Scott Bessent revealed that Iran’s regime is already suffocating under crushing sanctions and economic disruption since the US naval blockade of the Strait of Hormuz began.

Sec. Bessent on Operation Economic Fury: "We are suffocating the regime, and they are not able to pay their soldiers… And we have upped the pressure on anyone trying to remit money into Iran to help the IRGC." pic.twitter.com/tb9iPj6UDr

— Open Source Intel (@Osint613) May 3, 2026

Irannaval blockadeScott Bessent