Iran Israel War Live Updates: Iran warns US forces will be attacked if they enter Strait of Hormuz
US Treasury Secretary Scott Bessent stated that the US is applying severe financial and economic pressure on Iran, claiming the country is being 'suffocated'. Bessent said the pressure campaign has entered a crucial phase, including a naval blockade to prevent oil exports.
The US is applying severe financial and economic pressure on Iran, according to US Treasury Secretary Scott Bessent. He stated that the country is being 'suffocated' and that the pressure campaign has entered a crucial phase. Bessent claimed that Iran's leadership is nearing collapse due to the economic blockade. The strategy has shifted towards tightening economic pressure, including a naval blockade to prevent oil exports, cutting off the regime's main source of income. Bessent noted strain within Iran's military system, stating that they are unable to pay their soldiers. The US has paused direct military strikes, instead focusing on economic pressure.
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