Bessent: Iranian Leadership Wiring Money Out ‘Like Crazy’

U.S. Treasury Secretary Scott Bessent told the Senate Banking Committee on Thursday that Iranian leaders were moving money out of the country “like crazy.” “The rats are leaving the ship, and that is a good sign that they know the end may be near,” Bessent told the committee. The Treasury Department’s monitoring of Iranian financial transactions is part of the Trump administration’s strategy to put pressure on Iranian leader Ali Khamenei’s Islamic Republic as the world’s leading sponsor of terrorism, Bessent said. A dollar shortage and collapse of the Iranian currency is causing banks to fail and sparking rocket-high inflation....