BESSENT DURING HIS IRAN PRESS CONFERENCE: - The U.S. will pursue a “zero leakage” strategy on Iran sanctions, targeting areas including digital assets, technology, gold, aviation, and shipping. - Any entity helping Iran launder money could be cut off from the U.S. dollar system including other countries. - Bessent warned that “no one is above the reach” of U.S. sanctions, including China-linked entities, as Trump presses world leaders to further isolate Iran economically. Unless the economic sanctions meaningfully get Iran to the table, it looks like this war is not ending anytime soon. The good thing is that it seems like military escalation is off the table, but sanctions now will be the new basis on how both sides deal with having this come to an end.
