Bessent addresses No Money for Terror conference on Iran financial sanctions campaign

Bessent delivers remarks at the "No Money for Terror" conference hosted by France, outlining the Trump administration's "Operation Economic Fury" campaign of financial sanctions against Iran and its oil revenue network. He describes it as the most aggressive sanctions campaign in U.S. history, noting that OFAC has sanctioned over 1,000 Iran-related entities since February 2025. He credits the campaign with significantly reducing Iran's oil export revenues and cites Treasury's actions against Chinese "teapot" refineries, shadow fleet vessels, and front companies as central tools of the strategy.