In a statement on X, Bessent said that any damage inflicted on US allies in the Gulf would be compensated through funds extracted from Iranian accounts.
“Any damage it inflicts on our allies in the Gulf will be paid for with funds extracted from Iranian accounts,” he said.
The Treasury secretary also said that any tolls paid to the Persian Gulf Strait Authority would be offset by funds taken from Iranian accounts.
Bessent further warned that every attack launched by Iran would deepen the economic and financial consequences facing the country.
“Every attack Iran launches will only deepen the economic and financial consequences it faces,” he said.
The Iranian regime will lose the zero-sum game it is playing.
Any damage it inflicts on our allies in the Gulf will be paid for with funds extracted from Iranian Accounts.
Any tolls paid to the Persian Gulf Strait Authority will be offset by funds extracted from their accounts.…
— Treasury Secretary Scott Bessent (@SecScottBessent) June 11, 2026
The remarks underscore Washington’s warning that Iran could face additional financial measures in response to actions targeting regional allies and maritime activity in the Gulf.
And this warning came just after US President Donald Trump has threatened major military action against Iran, saying the United States would hit the country “very hard” and indicating that key Iranian oil infrastructure could eventually come under US control.
What is Persian Gulf Strait Authority?
On April 18, Iran’s Supreme National Security Council announced the formation of the Persian Gulf Strait Authority (PGSA), a new body tasked with managing the Strait of Hormuz amid heightened tensions with the United States.
According to the Iran’s foreign ministry spokesperson, the PGSA has been established to enforce and administer the transit mechanism being developed in coordination with Oman.
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