Bessent unveils plan to sever Iran access to global economy

By Magdalena Del Valle and Yash Roy, Bloomberg News WASHINGTON — Treasury Secretary Scott Bessent announced what he called an “unprecedented” U.S. campaign to sever Iran from the global economy, warning that any state doing business with the country risks facing U.S. sanctions. “We are launching an economic onslaught against Iran’s financial connections around the globe,” Bessent said at a news conference in Washington. He called the move “economic asphyxiation of this regime.” Bessent said President Donald Trump is calling world leaders with “specific requests to cease their interactions with the regime.” He said countries have what he called a…