As study shows downfall in Iran’s economy, US Treasury Secy Bessent says economic pressure delivering results

Washington DC [US], September 27 (ANI): US Treasury secretary Scott Bessent has said that the US' economic pressure campaign on Iran is delivering results with several countries, including those in West Asia, restricting business ties with the Islamic Republic.

Official response and confirmed impact

In August, the US Department of the Treasury had begun Operation Economic Outcast, what they described as an unprecedented, whole-of-government, economic campaign against Iran and its enablers.

Following the launch of that Operation, Bessent said Treasury officials were sent around the world to urge various governments to take action against Iran.

"These efforts are delivering results. Türkiye and Oman announced the cessation of Mahan Air flights to their countries.

The UAE has halted all flights by Iranian airlines, and top commercial banks in the UAE and Türkiye have stopped transacting with Iran," Bessent posted on X.

"We will continue working together as there is more to be done to prevent Tehran from carrying out its terrorist agenda," he further posted.

According to the US Treasury Department, Operation Economic Outcast is aimed at severing the economic lifelines that sustain the Iranian regime and the IRGC.

Incident background

These actions they says is part of a sustained and systematic campaign to close every financial resource that supports Iran, who the US describes as the leading state sponsor of terror.