LARRY KUDLOW: Banking, Sanctions, and the Ultimate Financial Pressure on Iran

Operation Economic Fury: Treasury Man Scott Bessenet unveiled "Operation Economic Fury" aimed at increasing financial pressure on the Iranian regime, particularly targeting the Islamic Revolutionary Guard Corps (IRGC) and its funding sources.

Impact of Sanctions: The operation includes blocking Iranian ports and freezing banking activities, which are expected to significantly reduce the regime's revenue and operational capabilities, potentially leading to its downfall.

Seizure of Assets: Bessenet advocates for the seizure of Iranian bank accounts held overseas, suggesting that countries like Turkey and the UAE should comply with these measures to further isolate the Iranian regime financially.

Consequences for Non-Compliance: Countries that refuse to adhere to the sanctions will face secondary sanctions and tariffs, which could hinder their financial transactions with American banks and the international payments system.