U.S. Treasury Secretary Says Tracing Iranian Assets Globally

August 1st—On July 31st local time, U.S. Treasury Secretary Benson stated during a cabinet meeting held at Camp David in Maryland that, following President Trump's instructions, the Treasury Department continues to carry out an economic onslaught against Iran and is tracing Iranian assets globally.

He also took the opportunity to list the so-called "economic achievements" against Iran in front of Trump: after advancing related actions in March 2025, by the end of the year, Iran's largest private bank declared bankruptcy, the Iranian central bank was forced to print a large amount of money, leading to continuous inflation. Benson claimed that Iran is now unable to even pay military salaries.