US Treasury Secretary Scott Bessent reported on the actions of Iranian leaders as they move significant amounts of money out of the country during ongoing protests and economic turmoil.
• Iranian officials are transferring tens of millions of dollars abroad, described by Bessent as “abandoning ship" amid deadly protests related to a failing economy.
• The Iranian rial has lost considerable value, contributing to widespread unrest.
• Bessent attributed the economic crisis to a "maximum pressure campaign" initiated by President Trump to restrict Iran's oil exports, leading to the regime's financial collapse.
• Protests have resulted in violent crackdowns by the Iranian government, with estimates of thousands of deaths, including casualties from both protesters and security personnel.
• European officials have mentioned the possibility of US military intervention in Iran due to the escalating situation.
The combination of economic decline and increasing civil unrest in Iran has prompted its leaders to seek financial security abroad, while the US and international community monitor the situation closely.
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