https://www.live-feeds.com/feed/treasury-secretary-bessent-drops-a-new-bombshell-on-iranContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/treasury-secretary-bessent-drops-a-new-bombshell-on-iranhttps://www.live-feeds.com/feed/treasury-secretary-bessent-drops-a-new-bombshell-on-iran#u122757Thu, 15 Oct 2026 02:45:38 +0000The US Treasury plans to seize $1 billion in Iran-linked cryptocurrency this week. This move is part of a broader effort to isolate Iran economically. The US has also taken steps to choke off Iran's oil exports, with Tehran's oil lifeline potentially running dry by mid-December. Iran has been using cryptocurrency to circumvent US sanctions.Why it mattersThe US has been engaged in an economic war with Iran for months. The Trump administration has pledged to take a hard line with Iran, and the Treasury Department has been enforcing sanctions. Iran's economy has been struggling und