Iran could face economic collapse in months, US Treasury’s Bessent warns

US Treasury Secretary Bessent weighs in on the United States’ economic pressure campaign at a meeting of G20 finance ministers.United States Treasury Secretary Scott Bessent says Iran is taking the US’s newly imposed sanctions seriously as tensions between the US and Iran reach the six-month mark.On Monday, Bessent said Iran is taking the sanctions seriously, and he told US business news network CNBC that the goal is “to create the conditions that they will want to come to the table” for negotiations.Recommended Stories list of 3 itemslist 1 of 3How has life changed for Iranians six months into the war?list 2 of 3US plans to sanction another bank to keep economic pressure on Iranlist 3 of 3Who are the economic winners and losers of the US-Israel war on Iran?end of listHis comments came on the sidelines of a meeting of Group of 20 (G20) finance ministers and central bank governors in Asheville, North Carolina in the US, amidst an economic pressure campaign the administration of US President Donald Trump has called “Operation Economic Outcast”.“I would think that they are lashing out kinetically because they are losing economically,” Bessent told reporters on Monday.Bessent said that...