Treasury Secretary Scott Bessent delivered a blunt response Friday to death threats from Iran, saying the intimidation would not stop his effort to economically isolate the regime. Instead, he presented [1] the threats as evidence that the Trump administration’s pressure campaign was succeeding.
Speaking on CNBC’s Squawk Box, Bessent confirmed that he had relocated to a military base after threats were made against his life. He vowed to continue Operation Economic Outcast, the administration’s broad effort to cut Tehran off economically.
“F the Iranian leadership,” Bessent declared. He added, “It means what we are doing with Operation Economic Outcast is working.”
Bessent said he and other Cabinet members would not be intimidated. He questioned why he should fear such threats when American military personnel in the Persian Gulf and President Donald Trump regularly confront similar dangers.
“What we’re doing is working,” Bessent said, describing the Islamic Revolutionary Guard Corps as “like a dangerous cornered animal.”
.@SecScottBessent: “F the Iranian leadership. I’m not going to be cowered.” https://t.co/L50PSuSYPF
— Rapid Response 47 (@RapidResponse47) November 13, 2026 [2]
The Treasury secretary said the Secret Service instructed him to leave his private residence because of the threats. His confirmation followed a report that the danger had moved beyond an advanced stage, prompting Bessent and his family to relocate to military housing.
“Threats against Sec. Bessent reached more than an advanced stage, which is why he and his family made the move,” a senior administration official said, according to Fox News.
The threats have drawn attention to Bessent’s central role in the administration’s economic offensive against Iran. That campaign seeks to deny Tehran the revenue used to support its military and terrorist proxies.
Bessent also blasted The Wall Street Journal for publishing an aerial photograph of his Georgetown home in January 2025. He accused the newspaper of exposing his residence despite requests that the photograph be withheld because of security concerns.
He called the decision “highly irresponsible and dangerous,” and compared the newspaper’s operation to the “TMZ of financial news.”
Treasury Secretary Scott Bessent LIGHTS INTO The Wall Street Journal’s news department, branding it “the TMZ of financial news these days.”
CNBC’s Joe Kernen: “Do you think that the president should raise this [Nvidia/Megaspeed chip] issue with Xi Jinping next week?… I know you’re not happy with the Journal, but they point out that Joe Biden didn’t mention the balloon and didn’t hold them to account for the spy balloon, and that it would be a mistake if the president didn’t bring it up with Xi Jinping. And they go on to say, don’t fall for your own honey trap, Mr. President, by not bringing it up. Do you think that he should?”
Scott Bessent: “I like the other side of the paper a lot. I think the editorial crew over there is fantastic, as opposed to the news department, which is the TMZ of financial news these days. But, you know, I would say that I think in that editorial, they’re wrong, because what is there to bring up that there was a breach of protocols, and we’re going to make sure that the breach doesn’t occur again.”
— RedWave Press (@RedWavePress) November 13, 2026 [3]
Operation Economic Outcast began in late August and has expanded the administration’s effort to sever Tehran’s remaining financial lifelines. At the same time, a U.S. naval blockade continues restricting Iranian oil exports.
Following a military campaign that devastated much of Iran’s conventional forces and military industrial infrastructure, Washington imposed the blockade and widened financial restrictions. Those measures are intended to prevent the regime from rebuilding its military capabilities.
Treasury has targeted financial institutions that facilitate Iranian transactions across the Middle East and elsewhere. Foreign banks and businesses have been threatened with exclusion from the U.S. financial system if they continue helping Tehran.
Bessent:
I tell the IRGC, which is one of the reasons they want to kill me, that if you like your country, congratulations, you can’t leave.
You can’t go to London to see your relatives anymore. You can’t go to Paris to see your girlfriends, and you can’t go to Geneva to visit your money.
— Clash Report (@clashreport) November 13, 2026 [4]
At the Heritage Foundation’s Forum 2026 later Friday, Bessent described the campaign’s international reach. He cited action against an Egyptian bank operating in Dubai that he said facilitated $1.8 billion for Iran during the preceding year, along with a major Turkish bank and international branches of a leading Russian bank.
Bessent said the administration had also further restricted international flights. Those restrictions limited the ability of Revolutionary Guard members to travel abroad to visit relatives, romantic partners, or gain access to financial assets held overseas.
He directly connected those measures to the threats against him, telling the audience that they were among the reasons IRGC members wanted to kill him. The threats, in other words, have not exactly inspired Bessent to ease up.
Bessent said Iran’s rial had fallen from approximately 600,000 to the dollar in March 2025 to 3 million. He also said inflation was approaching 200%, while gasoline shortages had forced motorists to wait hours for fuel.
Iran had been left without oil shipments on the water for the first time in its history as a producer, according to Bessent. He argued that financial restrictions and the naval blockade had deprived Tehran of its principal revenue source.
The blockade has halted Iranian oil exports while commercial ships continue traveling through the Strait of Hormuz under American protection. Bessent said some nights now feature more crude moving through the waterway than before the conflict.
Figures released Wednesday by U.S. Central Command showed that nearly 4,000 commercial vessels had moved approximately 1.7 billion barrels of crude through the strait under American protection. Bessent said Iranian exports had remained at zero since the blockade began.
Bessent said Iran likely could have secured better terms from Washington before last week’s midterm elections. “Now President Trump doesn’t think we need a deal, and we’re just going to keep squeezing them.”
Trump said Thursday that Washington no longer needed an agreement with Tehran. In a separate interview with Stephen A. Smith, Trump said Saudi Arabia and other Gulf allies had urged him to give the economic campaign more time instead of immediately expanding military operations.
UPDATE: President Trump reveals Saudi Arabia, Qatar, Kuwait and UAE asked him to NOT blast Iran to smithereens and instead decimate them with the blockade and economy
Scott Bessent has destroyed the regime’s riches!
“I could end it immediately at the request of the nations that I’m looking to protect — we are doing it a little bit longer way, a little bit more civilly.”
“Saudi Arabia has asked me to please just let it be the way it is now for a while, because they’re disintegrating. Qatar, Kuwait, UAE, Bahrain, all of them would much prefer the waiting period.”
This comes after Trump hosted Qatar’s Prime Minister at the White House Monday and said new strikes are UNLIKELY
Rubio then told G7 ministers the economic decimation will continue
A new operation called “Iron Gate” is also cutting off the land routes Iran uses to move weapons
— Eric Daugherty (@EricLDaugh) November 12, 2026 [5]
Bessent also accused Tehran of violating a memorandum of understanding reached in Islamabad over the summer. He said that breach gave Washington another reason to resist easing its demands.
Despite Tehran’s refusal to accept Washington’s terms, Bessent predicted that worsening economic conditions would eventually drive the regime back to negotiations. “Eventually gravity is going to kick in. It’s going to be a long, cold winter for the Iranians,” he warned.
Bessent on Iran:
It’s going to be a long, cold winter for the Iranians. https://t.co/FTHeWsu5rU
— Clash Report (@clashreport) November 13, 2026 [6]
Bessent defended the campaign’s military and economic costs, saying Trump had acted where previous administrations had not. “100% it was worth it. President Trump took action that had been needed for 47 years,” Bessent declared.