Vahid Online in English

Automated AI translations of Vahid Online reporting. Exported from the Telegram Channel. Original content also available on X/Twitter.

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29 Apr 2026, 14:38

Scott Basset, the U.S. Secretary of the Treasury, wrote on the social media platform X that under the continuation of the President's "maximum pressure" policy, inflation in Iran has doubled and the value of the national currency has rapidly declined.

Mr. Basset states that these actions, as part of the "severe economic pressure" program, have targeted and sanctioned Iran's "shadow banking" infrastructure internationally, the country's access to cryptocurrencies, its covert transportation fleet, arms supply networks, financial resources for proxy groups in the region, as well as independent Chinese refineries known as "teapots" that support Iran's oil trade.

According to him, these U.S. actions have disrupted the flow of tens of billions of dollars in revenue that could have been used to finance "terrorist activities."

Previously, the Office of Foreign Assets Control of the U.S. Department of the Treasury announced that it had sanctioned 35 entities and individuals linked to Iran that play a role in the "hidden banking structure of Iran."

He added, "Kharg Island, Iran's most important oil export terminal, will soon reach its storage capacity threshold."
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