US Warns Countries Aiding Iran Will Be Cut Off From Dollar System

Treasury Secretary Scott Bessent has issued a warning to global financial institutions that any entity facilitating money laundering for Iran will be banned from the US dollar system.

This move is part of the 'zero-leakage strategy' aimed at cutting off Iran's access to funding, particularly through China.

The sanctions are designed to target entities involved in illicit transactions, with the goal of disrupting Iran's financial networks and limiting its ability to engage in nefarious activities.

Bessent has emphasized that countries supporting Iran will face severe consequences, including being cut off from the US dollar system.