Business

Scott Bessent says Iran's economy is 'collapsing' as Treasury tightens financial vise

Fox Business·Oct 26, 2026 · 1:51 PM CT
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Treasury Secretary Scott Bessent said Iran's economy is "collapsing" as the administration tightens financial pressure on Tehran. On the Brian Kilmeade Show he described an eight-week Treasury effort called Operation Economic Outcast, which builds on a blockade and targets foreign banking channels that have kept Iran connected to the global economy.

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