Scott Bessent Says Iran Regime Is Like A ‘Rogue Gang’ Pillaging Iraq’s Resources As Treasury Unveils New Sanctions Against Tehran’s Proxies

The U.S. Treasury Department on Thursday announced a new round of sanctions targeting individuals and entities accused of exploiting Iraq’s oil sector to benefit Iran and its proxy militias, escalating Washington’s pressure campaign against Tehran.

Bessent Says U.S. Will Not ‘Stand Idly By’

Treasury Secretary Scott Bessent said on X, the Iranian regime was “pillaging resources that rightfully belong to the Iraqi people” and using Iraqi oil revenues to support militant activities.

“Like a rogue gang, the Iranian regime is pillaging resources that rightfully belong to the Iraqi people,” Bessent said. “Treasury will not stand idly by as Iran’s military exploits Iraqi oil to fund terrorism against the United States and our partners.”