Scott Bessent & Iran
104 shared events · Importance 59 · Last updated May 16, 2026
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As U.S. Treasury Secretary, Scott Bessent is a leading architect of economic sanctions and financial warfare against Iran, actively seeking to suffocate the Iranian economy during the ongoing conflict.
International
Scott Bessent: Scott Bessent, the United States Treasury Secretary, is a key figure in implementing the 'Economic Fury' initiative, which is part of the economic blockade against Iran. He has publicly stated the United States' intent to suffocate Iran's leadership.
Iran: Iran is facing an economic blockade by the United States, leading to hyperinflation, food and gasoline rationing, and a deteriorating oil infrastructure. Its leadership is described as being 'suffocated' by the economic pressure.
May 03, 2026 · 6 articles
International
Scott Bessent: Scott Bessent, the US Treasury Secretary, urged China to intensify diplomatic efforts to persuade Iran to open the Strait of Hormuz and to stop blocking initiatives at the United Nations.
Iran: Iran is at the center of a conflict with the United States and Israel, leading to disruptions in global oil supply and maritime blockades in the Strait of Hormuz. Iran is engaging in diplomatic talks with China to protect its interests and seek a fair agreement.
May 05, 2026 · 38 articles
International
Scott Bessent: Scott Bessent, the Treasury Secretary, announced the sanctions and reiterated the United States' commitment to constricting Iran's oil network. He also warned financial institutions in several countries about secondary sanctions.
Iran: The United States' sanctions on its oil customers and shipping network aim to further restrict Iran's primary source of revenue, exacerbating its economic challenges amidst ongoing geopolitical tensions.
Apr 24, 2026 · 52 articles
International
Scott Bessent: Scott Bessent, US Treasury Secretary, asserted US control over the Strait of Hormuz and stated the blockade would continue, while also making strong remarks against Iranian leadership.
Iran: Iran has lost nearly $4.8 billion in oil revenue due to the naval blockade imposed by the United States, significantly tightening financial pressure on the nation.
May 02, 2026 · 8 articles
International
Scott Bessent: Scott Bessent, the United States Secretary of the Treasury, announced the 30-day waiver for India to purchase Russian oil, emphasizing India's role as an essential partner.
Iran: Iran's blockade of the Strait of Hormuz and escalating conflict in the Middle East are key factors driving the need for the US waiver to stabilize global energy markets.
Mar 06, 2026 · 6 articles
International
Scott Bessent: Scott Bessent, the United States Treasury Secretary, has emphasized Iran's importance on the agenda for the Trump-Xi summit and urged China to support international operations to reopen the Strait of Hormuz.
Iran: Iran's actions have led to the effective shuttering of the Strait of Hormuz, causing global isolation and economic pressure. Iran is also being pressed to give up its nuclear weapons program.
May 05, 2026 · 6 articles
International
Scott Bessent: Scott Bessent, the Treasury Secretary, stated the administration's commitment to using sanctions to deprive the Iranian government of funding.
Iran: Iran is the primary target of the sanctions, which aim to cut off funding for its military and nuclear programs by disrupting its oil sales to China.
May 12, 2026 · 7 articles
International
Scott Bessent: Scott Bessent, the Treasury Secretary, stated that the United States naval blockade is part of a broader economic embargo aimed at suffocating the Iranian regime.
Iran: Iran has blocked the Strait of Hormuz, disrupting global trade, and has warned the United States against interfering with its control over the strait, threatening military action. This has led to a counter-blockade by the United States on Iranian ports.
May 03, 2026 · 29 articles
International
Scott Bessent: Scott Bessent, US Treasury Secretary, stated that the US naval blockade is part of a broader economic embargo aimed at suffocating the Iranian regime.
Iran: Iran has maintained a blockade on the Strait of Hormuz, choking off global trade. Its officials have warned the United States against interfering with its control over the strait, threatening military action.
May 03, 2026 · 22 articles
International
Scott Bessent: Scott Bessent, Donald Trump's top trade negotiator, conducted preparatory talks with Chinese officials in South Korea to maintain a fragile trade deal and discuss economic matters.
Iran: The ongoing war with Iran is a significant topic of discussion, with Donald Trump expected to encourage China to help resolve the conflict with Washington.
May 13, 2026 · 28 articles
International
Scott Bessent: Scott Bessent, the Treasury Secretary, sent warning letters to Chinese banks regarding Iranian oil purchases and is expected to raise the issue during Donald Trump's visit to China.
Iran: Iran is at the center of a conflict with the United States, which has led to a naval blockade and soaring oil prices. China is its biggest oil buyer and a strategic ally, making its role in resolving the conflict crucial.
May 13, 2026 · 6 articles
International
Scott Bessent: Scott Bessent, the US Treasury Secretary, echoed Donald Trump's religious framing of the airman's rescue, referring to it as an 'Easter miracle' on X.
Iran: Iran was the location of the US airman's rescue, and was also the target of military threats from Donald Trump, who used religious language in his warnings.
Apr 05, 2026 · 19 articles
International
Scott Bessent: Scott Bessent, Treasury Secretary, stated that his agency would relentlessly target Iran's ability to generate and repatriate funds.
Iran: Iran is facing increased economic pressure due to the United States' sanctions warning and naval blockade, impacting its oil revenue and ability to charge tolls for passage through the Strait of Hormuz.
May 02, 2026 · 38 articles
International
Scott Bessent: Scott Bessent, United States Treasury Secretary, commented on Iran's dwindling oil revenues due to the naval blockade and predicted Iran would soon have to shut in oil wells.
Iran: Iran is involved in a war, has proposed a new peace deal to the United States, controls the Strait of Hormuz, and is experiencing severe economic distress with its currency weakening and high unemployment. Iran's actions in the Strait of Hormuz have shaken global markets.
May 03, 2026 · 47 articles
International
Scott Bessent: Scott Bessent, US Treasury Secretary, launched an initiative calling for coordinated action to ensure adequate access to fertilizers amid supply disruptions from Gulf countries.
Iran: Iran is at war with the United States and Israel, leading to the closure of the Strait of Hormuz, a blockade on its ports, and significant disruption to global oil and commodity flows. There is hope for renewed talks to settle the conflict.
Apr 02, 2026 · 45 articles
International
Scott Bessent: As U.S. Treasury Secretary, Scott Bessent has joined calls for China to use its influence to help reopen the Strait of Hormuz and has overseen sanctions targeting Chinese entities involved in Iranian oil trade.
Iran: Iran is at the center of the conflict, having closed the Strait of Hormuz and being the target of U.S. and Israeli strikes. China is being asked to pressure Iran to end the war and reopen the strait.
May 12, 2026 · 27 articles
International
Scott Bessent: Scott Bessent, the US Treasury Secretary, held candid talks with He Lifeng and Jamieson Greer, expressing concerns about China's supply chain regulations and discussing the upcoming Trump-Xi summit.
Iran: The US-Israeli war on Iran caused Donald Trump to delay his trip to Beijing, indicating geopolitical complications affecting US-China relations.
Apr 30, 2026 · 6 articles
International
Scott Bessent: Scott Bessent, the Treasury Secretary, stated that the United States — United States Department of the Treasury will not tolerate Iran's military exploiting Iraqi oil to fund terrorism.
Iran: Iran is accused of exploiting Iraqi oil to fund terrorism, with Ali Maarij Al-Bahadly allegedly facilitating the diversion of oil for its benefit. The United States is intensifying efforts to crack down on networks helping Iran bypass sanctions.
May 07, 2026 · 20 articles
International
Scott Bessent: Scott Bessent, as the U.S. Treasury Secretary, is a key participant in the preparatory talks with China, aiming to lay the groundwork for the upcoming summit between the United States and China.
Iran: The Iran war and China's ties with Iran as a major oil buyer are topics expected to be discussed at the summit, though Donald Trump stated he does not need China's help to end the conflict.
May 13, 2026 · 7 articles
International
Scott Bessent: Scott Bessent, the US Treasury Secretary, is engaging in trade talks with He Lifeng in South Korea as a precursor to Donald Trump's state visit.
Iran: Iran is a key topic of discussion during Donald Trump's visit to China, particularly regarding China's oil purchases and the ongoing US-Israel-Iran war.
May 11, 2026 · 14 articles
International
Scott Bessent: Scott Bessent, as US Treasury Secretary, criticized China for hoarding oil during the war, indicating US concerns about global energy market stability.
Iran: Iran is a central party in the conflict and the peace talks. Its actions, such as blocking the Strait of Hormuz and its stance on nuclear ambitions and sanctions, directly impact global energy markets and the success of diplomatic efforts.
Apr 11, 2026 · 283 articles
International
Scott Bessent: Scott Bessent, the US Treasury Secretary, believes the Iran war's impact is short-term volatility for long-term gain, preventing Tehran from developing nuclear weapons.
Iran: Iran is a central party in the conflict, facing a naval blockade and economic sanctions from the United States. Its actions, including restricting the Strait of Hormuz, have caused major disruptions to global oil and gas supplies and its economy is being destroyed by the blockade.
Apr 08, 2026 · 307 articles
International
Scott Bessent: Scott Bessent, the U.S. Treasury Secretary, provided insights into the financial impact of the U.S. naval blockade on Iran's oil revenues.
Iran: Iran has effectively closed the Strait of Hormuz, leading to a naval blockade and attacks on commercial ships. It is reviewing a peace proposal from the United States but maintains its stance on controlling the strait, facing severe economic pressure from sanctions and a naval blockade.
May 03, 2026 · 81 articles
International
Scott Bessent: Scott Bessent, the United States Treasury Secretary, commented on the limited revenue Iran has gained from tolls and the impending need for Iran to shut in oil wells due to storage filling up.
Iran: Iran views the United States' efforts to reopen the Strait of Hormuz as a ceasefire violation and has responded with missile and drone attacks on vessels and facilities in the United Arab Emirates. Iran continues to assert control over the Strait of Hormuz and its economy is suffering from the United States' naval blockade.
May 03, 2026 · 109 articles
International
Scott Bessent: Scott Bessent, the U.S. Treasury Secretary, expressed his belief that China would help open the Strait of Hormuz, emphasizing the economic interests involved.
Iran: Iran is a central entity in this event, having largely shut down the Strait of Hormuz, seized tankers, and continued its nuclear program. Its actions have caused significant disruption to global energy supplies and are a major point of contention in peace talks.
May 14, 2026 · 10 articles
International
Scott Bessent: Scott Bessent, US Treasury Secretary, expressed belief that China would help open the Strait of Hormuz, indicating US diplomatic efforts.
Iran: Iran is the central entity in this conflict, having shut down the Strait of Hormuz, refusing to end its nuclear program, and facing US and Israeli attacks and blockades. Its actions directly impact global energy supplies and regional stability.
May 15, 2026 · 33 articles
International
Scott Bessent: Scott Bessent, the US Treasury Secretary, is expected to endorse yen-buying intervention, which could help slow the Japan — Japanese yen's slide.
Iran: Iran is a central party in the conflict, having shut down the Strait of Hormuz and rejected the United States' peace proposal. Its demands for an end to the war, lifting of sanctions, reparations, and recognition of its control over the Strait are deemed 'totally unacceptable' by the United States.
May 11, 2026 · 8 articles
International
Scott Bessent: Scott Bessent, as the US Treasury Secretary, is a chief negotiator for trade and economic issues with China and is involved in setting up Donald Trump's visit.
Iran: Iran is facing new sanctions from the United States over its oil sales to China, and its alleged sharing of missile technology with China is a concern for Israel.
May 12, 2026 · 7 articles
International
Scott Bessent: Scott Bessent, US Treasury Secretary, is scheduled to meet with officials in Japan, South Korea, and China to discuss economic security and trade, in the context of the broader geopolitical landscape.
Iran: Iran's President Masoud Pezeshkian stated that Iran will not bow down to the enemy, indicating a continued standoff with the United States.
May 11, 2026 · 9 articles
International
Scott Bessent: Scott Bessent, as the US Treasury Secretary, provided insights into the discussions between Donald Trump and Xi Jinping, particularly regarding artificial intelligence and trade.
Iran: Iran's role in closing the Strait of Hormuz and its potential military aid from China were discussed, with Xi Jinping assuring Donald Trump that China would not provide military equipment, which could reduce regional tensions.
May 14, 2026 · 20 articles
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