US Treasury Secretary Scott Bessent announced an « absolute isolation » campaign against Iran at the NPolicy Summit in Washington, surpassing the previous « maximum pressure » campaign. The US Treasury plans to seize approximately one billion dollars in cryptocurrencies belonging to Iran this week, funds that authorities claim to have located. This unprecedented measures also include maritime blockades, flight restrictions, and the closure of land routes, with cooperation from the UAE, Oman, Pakistan, and Turkey. For the first time in the countrys history, Iranian oil exports are expected to stop completely, with oil prices rising above $102 this week. Bitcoin stabilized around $82,000, illustrating the impact of geopolitics on financial markets.
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