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Today's Paper | May 04, 2026

Published 03 May, 2026 09:33pm

US 'suffocating' Iran with blockade, claims Treasury chief

US Treasury Secretary Scott Bessent has claimed that the United States is “suffocating” Iran’s leadership through an “economic blockade” launched alongside the US military offensive, reports AFP.

“This began with the order last March from President Trump on max pressure, and three weeks ago the president gave the order to Treasury … to begin Economic Fury,” Bessent said in a Fox News interview, referring to his department’s initiative to supplement the Pentagon’s “Operation Epic Fury.”

“We are suffocating the regime, and they are not able to pay their soldiers. This is a real economic blockade, and it is in all parts of government — all hands on deck,” he told the ‘Sunday Morning Futures’ programme.

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