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Treasury Cuts Off Iran’s Dollars, Proxy Funding

By Drooid · Oct 29, 2026 · How we work

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U.S. Treasury Secretary Scott Bessent said Iran cannot pay its troops or obtain dollars.
He added that funding for Iran’s proxies, including the Houthis, Hamas and Hezbollah, is being cut off.
Internal estimates project Iran’s economy could contract up to 25 percent from March 2026 to March 2027.
Bessent described Operation Economic Outcast as the toughest operation ever to isolate a single economy.

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U.S. Treasury Secretary Scott Bessent said Iran cannot pay its troops or obtain dollars.
He added that funding for Iran’s proxies, including the Houthis, Hamas and Hezbollah, is being cut off.
Internal estimates project Iran’s economy could contract up to 25 percent from March 2026 to March 2027.
Bessent described Operation Economic Outcast as the toughest operation ever to isolate a single economy.