# U.S. ‌Treasury Secretary Scott Bessent called on allies to more forcefully disrupt Iran's financing networks.

*fintech · news · 2026-05-19 · Devdiscourse*

## Key points

- Treasury Secretary Scott Bessent announced a review to remove outdated names from the U.S. sanctions list.
- The U.S. Treasury's 'Economic Fury' program has frozen nearly half a billion dollars in Iran-linked cryptocurrency.
- Bessent specifically urged European partners to shut down Iranian bank branches, citing ongoing covert activity.
- Treasury is shifting to more targeted, adaptive sanctions, moving away from blanket, long-term measures.

**Countries:** United States, Iran, European countries, Middle Eastern countries, Asian countries

[Read the full story on Devdiscourse](https://www.devdiscourse.com/article/headlines/3914562-update-1-bessent-urges-more-disruption-to-irans-financing-will-review-us-sanctions-list)

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