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U.S. Says Iranian Elite Are Moving Millions Out as New Sanctions Land

Treasury points to elite capital flight following fresh sanctions during nationwide unrest.

Overview

  • Treasury Secretary Scott Bessent said officials can see tens of millions of dollars being wired out by Iranian leaders and vowed to trace funds through banks and digital assets.
  • The United States announced new sanctions on Thursday against Iranian security figures and associated shadow banking networks, freezing U.S.-linked assets and warning of exposure for facilitators.
  • Bessent credited the administration’s maximum-pressure measures on oil exports and described a total financial collapse in Iran over the past month.
  • Protest death tolls remain contested, with HRANA confirming 2,615 fatalities to date and the opposition outlet Iran International alleging far higher numbers, which are unverified.
  • President Donald Trump warned of potential military action if killings resume or persist, and European officials told Reuters that intervention could come within 24 hours, a claim that remains unconfirmed.