Sanctions to continue until Iran’s ‘coffers empty’, says US Treasury

Live Blog Update| War on Iran 15 October 2026 22:31 BST US Treasury Secretary Scott Bessent said on Thursday that his department "will not relent until the Iranian regime’s coffers are empty" after it announced fresh sanctions on Iran-related individuals and entities. "The noose is tightening around Iran’s economy, and not even Iran’s so-called allies can save it," Bessent wrote in a post on X. The noose is tightening around Iran’s economy, and not even Iran’s so-called allies can save it. The Department of the Treasury will not relent until the Iranian regime’s coffers are empty and every remaining financial lifeline sustaining its war machine has been severed. — Treasury Secretary Scott Bessent (@SecScottBessent) October 15, 2026