U.S. Treasury Secretary Scott Bessent stated that the United States is prepared to pursue secondary sanctions against buyers of Iranian oil.
Bessent also mentioned that the U.S. has seized nearly $500 million in cryptocurrency assets from the leadership of the Islamic Revolutionary Guard Corps (IRGC) and its affiliates.
He added that the United States is freezing the bank accounts of the IRGC.
Bessent stated that the U.S. will continue to apply this economic pressure and maintain the blockade of the Strait of Hormuz.
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