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U.S. Treasury chief vows to cut every ‘economic lifeline’ of Iran

Scott Bessent’s address comes almost six months into a war on Tehran that has ground to a stalemate, with stalled peace talks and Iran preventing most traffic through the crucial Strait of Hormuz

· 8/24/2026, 7:32:21 PM· 2 min read
U.S. Treasury chief vows to cut every ‘economic lifeline’ of Iran
Scott Bessent’s address comes almost six months into a war on Tehran that has ground to a stalemate, with stalled peace talks and Iran preventing most traffic through the crucial Strait of Hormuz
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