Bessent Demands Middle East and Asia Cut Off Iran's Shadow Banking
💸 TREASURY — Bessent names Asia and the Gulf as shadow banking enforcers. 📌 LOOK CLOSER: Shadow banking is how Iran moves oil revenue past formal sanctions — networks run through UAE free zones, Turkish intermediaries, and Chinese state-adjacent entities. Bessent naming both regions publicly is a squeeze play: comply or face secondary sanctions. Gulf states already under military coalition pressure now face a financial compliance ultimatum too.
