US Treasury Secretary: Strong European support for measures to economically isolate Iran and cut off its financial lifelines

US Treasury Secretary Scott Bessent on Friday praised what he described as “strong European support” for the measures his country is taking to economically isolate Iran as part of the “Economic Pariah” campaign.

In a post on the X platform, Bessent said the United States appreciates the European Union’s “strong and early” stance in backing US sanctions against Iran.

He emphasized that “the United States stands firmly with its allies to ensure that the Iranian regime cannot exploit the global financial system to fund its nuclear ambitions, weapons programs, and terrorist proxies.”

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He added that “the entire world is sending a clear message to the Iranian regime that we will not stop until every remaining financial artery is cut off.”

The United States launched the “Economic Pariah” operation on August 24 last year, a campaign aimed at cutting off the financial and commercial channels Iran relies on, and tightening sanctions on entities that help it circumvent sanctions or generate revenue.

The campaign includes expanding secondary sanctions to threaten entities that continue to deal with Iran with exclusion from the dollar-based financial system.