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Scott Bessent Hits Iran-Backed Maritime Network With Sanctions, Says US Won’t Let Tehran 'Hold Global Commerce Hostage'

Jul 30, 2026 · 02:15 AM ET· updated 3h ago
Scott Bessent Hits Iran-Backed Maritime Network With Sanctions, Says US Won’t Let Tehran 'Hold Global Commerce Hostage'

Treasury sanctions Iran-linked firms over an alleged IRGC shipping scheme as Scott Bessent accuses Tehran of using global commerce to fund aggression.

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Why It Matters

The U.S. government is punishing companies that help Iran by blocking their money. This shows the country is taking action against groups it says are causing trouble around the world.

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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.

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