US Treasury Secretary Scott Bessent this week outlined an expanding campaign of what he called “absolute isolation” against Iran, targeting its oil revenue, overseas financial access and transport routes as Washington seeks to strangle Tehran’s economy.
Speaking to Newsmax on Thursday, Bessent called the United Arab Emirates and Oman good partners in the economic campaign against Iran, adding that Washington was working with Pakistan and Turkey “to cut off all the land routes,” extending its efforts to isolate Tehran beyond oil exports and financial restrictions.
“We did have a maximum pressure campaign. Now we have an absolute isolation campaign and it’s working,” Bessent said.
Bessent said the United States would “probably” seize about $1 billion in Iran-linked cryptocurrency this week, asserting that officials knew where the funds were held.
He also described restrictions on the overseas privileges of Iranian officials, mocking the Revolutionary Guards' access to luxury services and offshore wealth.
“They can’t go see their plastic surgeon in London, their girlfriend in Paris, and their money in Geneva,” he told Newsmax, saying that travel bans and financial restrictions were tightening.
On Thursday, the US Treasury separately sanctioned 17 vessels and their owners in what it described as Iran's remaining shadow fleet. Treasury said the vessels had transported millions of barrels of Iranian crude oil, petroleum products and petrochemicals to markets in South and East Asia, and claimed the action had effectively neutralized the vast majority of Iran's remaining shadow fleet network.
The department said the move targeted the vessels and their international support networks. Earlier measures had expanded sanctions against Iranian airlines, railways, automakers and financial intermediaries.
Earlier in the week, Bessent pointed to what he described as signs of the campaign's success. On Monday, he said Operation Economic Outcast was delivering results, citing the rial's record lows and asserting that Iran had loaded no crude oil onto tankers in September.
On Tuesday, he questioned the appointment of Hamid Bovard as Iran's acting oil minister, asking what he would oversee when, according to Bessent, Tehran had not loaded a single barrel of crude since August 25.
Still, Iran’s oil trade has not come to a complete halt. According to energy intelligence firm Kpler, the country continues to export about 250,000 barrels of oil a day overland and sell crude shipped before the blockade.
However, Kpler’s head of crude oil analysis warned that Iran’s revenue from crude oil and condensate exports could dry up entirely by mid-December, for the first time in its history, if the US blockade remains in place.
“Revenues from crude and condensate will drop to zero for the first time ever,” Homayoun Falakshahi told Iran International's Eye for Iran, warning that Tehran could lose between $3 billion and $6 billion in monthly oil income.
The rial traded near 2.7 million per dollar this week despite the central bank injecting up to $2 billion in cash into the Iranian economy. With oil revenue and foreign-currency access shrinking, further enforcement could deepen pressure on imports and the currency.
Operation Economic Outcast, launched on August 24, expanded US sanctions authority over foreign businesses operating in Iran's digital asset, technology, gold, aviation and shipping sectors. Washington also warned that foreign financial institutions facilitating sanctions evasion could lose access to the US financial system. The administration said countries would be given deadlines to terminate identified Iran-related activities.
Bessent described the ultimate objective as forcing Tehran to choose between reintegration into the global economy and what he called “complete global isolation and a subsistence economy.” The campaign is intended to deprive the Islamic Republic and the Revolutionary Guards of the financial resources sustaining their military operations, weapons programs and regional networks.
President Donald Trump’s pledge not to attack Iran before the November 3 US midterm elections has been greeted in Tehran as either a bluff or an opportunity, with some hardliners urging Iran to exploit the three-week window to strike first.
Trump wrote on Truth Social on Thursday that he had no intention of resuming strikes before the midterms, adding that the United States was engaged in “constructive negotiations” with Iran.
Global oil prices, which had fluctuated sharply during the week amid growing threats to shipping in the Persian Gulf and the Strait of Hormuz, fell following Trump’s remarks.
Heshmatollah Falahatpisheh, a former chairman of parliament’s National Security and Foreign Policy Committee, wrote on X that plans by the United States, Israel and their regional allies for another war with Iran had nothing to do with elections in either country.
He argued that Trump’s declaration that Washington would not attack Iran before November 3 was intended to prevent Iran from launching a “pre-emptive strike”.
Parisa Nasr, a journalist considered close to Iran’s Foreign Ministry, similarly dismissed Trump’s statement in a commentary titled “Forget Trump’s nonsense: A third war is imminent.”
“The evidence suggests that Trump’s claim that any military attack on Iran will be postponed until after the US midterm elections is, above all, more like a political game and a psychological operation,” she wrote.
Nasr argued that Washington’s calculations would depend largely on the scale of retaliation it expected from Iran.
Hardline commentator Alireza Taghaviniya also described Trump’s remarks as “deception,” pointing to US and Israeli military movements and coordination with Saudi Arabia and the United Arab Emirates as indications that a confrontation was approaching.
A window to strike first
Some Iranian hardliners argue that Tehran should use the period before the US midterm elections to launch pre-emptive attacks against American and Israeli interests.
Supporters of this approach say the objective would not necessarily be to trigger an all-out war. Instead, limited strikes could put pressure on oil markets and force Trump to accept an agreement on terms favorable to Iran.
Politician Abdolreza Davari argued on X that Trump had inadvertently exposed a weakness by ruling out a new military attack before the elections while simultaneously describing negotiations with Tehran as constructive. Davari said Trump feared the electoral cost of war.
“From today until November 3, a window of approximately three weeks has opened before Iran,” he wrote. “The Islamic Republic must use this opportunity to intensify military action as a means of bargaining and forcing Washington to accept Iran’s legitimate demands.”
In another post, he was blunter: “Grab the enemy by the throat right now and do not let go.”
The proposal drew warnings online that striking first would play into the hands of Trump and Israel.
A user identified as Mahmoud Irani argued that an Iranian attack would allow Trump to portray the United States as the victim and gain electoral advantage by retaliating: “Iran should maintain its military readiness so that, if Iran is attacked, it can counterattack Trump.”
Another user, identified as Rezvan, warned that Israeli Prime Minister Benjamin Netanyahu had been predicting an Iranian pre-emptive attack for weeks and “hopes this will happen,” either to postpone the US election or help Trump win.
Pressure at Hormuz
The debate comes as Iran is already increasing pressure in and around the Strait of Hormuz.
Iranian officials and military forces insist the waterway remains closed except to vessels Tehran authorizes, contrary to statements by Trump and other US officials, and say restrictions will remain until Washington accepts Iran’s seven conditions.
Hassan Ghashghavi, spokesman for parliament’s National Security and Foreign Policy Committee, also disputed Trump’s claim that oil shipments through the strait had increased.
“The initiative in the Strait of Hormuz is in our hands,” he told Rouydad 24, arguing that alternative routes and limited tanker movements had failed to eliminate the effects of Iran’s restrictions.
On Friday, the Islamic Revolutionary Guard Corps (IRGC) Navy said it targeted a liquefied natural gas carrier traveling south of the Strait of Hormuz along what Tehran described as an “illegal route”.
The Guards also widened their threat, saying for the first time that action against vessels using unauthorized routes would no longer be confined to the strait and that such ships could face punitive measures elsewhere in the region.
Pressure on shipping gives Tehran another means of raising the cost of the blockade without necessarily launching the direct pre-emptive strike advocated by some hardliners.
Iran has sharpened its criticism of a Saudi Arabia-Pakistan-Turkey defense pact after it became operational, warning against intervention in Yemen and questioning Pakistan’s role as a mediator between Tehran and Washington.
The trilateral pact entered its operational phase on October 5 following an escalation in Houthi missile and drone attacks on Saudi infrastructure. Turkey and Pakistan said they had begun taking measures to support Saudi Arabia.
Under arrangements discussed by the three countries, Pakistani and Turkish forces are expected to provide military, technical and intelligence support to Saudi Arabia, including defensive capabilities inside the kingdom. Officials have said the forces will not take part in offensive operations in Yemen.
Iranian Foreign Ministry spokesman Esmail Baghaei, asked on Sunday about reports that tens of thousands of Pakistani troops could be deployed to Saudi Arabia, said: “We have also heard this rumor, and we hope it is not true.”
“The countries of the region are well aware that any intervention in the Yemen issue could have undesirable consequences for the region,” he added, expressing hope that pacts such as the Mecca agreement would not be used “against the interests and welfare of the Muslim community.”
The Saudi Arabia-Turkey-Pakistan defense pact, signed in August in Mecca, stipulates that an attack on any one of the three countries will be treated as an attack on all three.
‘Begging for security’
Foreign Minister Abbas Araghchi, without directly referring to the pact, called on neighboring countries to pursue “self-reliance” and a policy based on “genuine brotherhood.” He also said such agreements would not constrain Iran.
Several lawmakers dismissed the pact as largely symbolic. Ahmad Bakhshayesh, a member of parliament’s National Security and Foreign Policy Commission, called it a “paper and political pact.”
Sharper criticism came from committee member Ebrahim Rezaei.
“The Saudis should know that a paper agreement with Turkey and Pakistan will not bring them security, just as years of one-sided milking of the Americans did not bring them security,” he wrote on X. “Correct your policies so that you do not have to beg others for security.”
That tone has hardened as the pact has moved into its operational phase.
Alaeddin Boroujerdi, a member of parliament’s National Security and Foreign Policy Committee, said Thursday that Turkish and Pakistani involvement in the Saudi conflict with Ansarullah, as the Houthis are formally known, would neither weaken the group nor restrict its ability to operate in the Bab al-Mandeb Strait.
“The entry of Pakistan and Turkey will definitely work to their own detriment,” he told ISNA. “They should learn from history ... Saudi Arabia once had a coalition with a large number of countries, but after seven years of war in Yemen, it was defeated.”
‘Regional intervenor’
Iranian criticism has focused more heavily on Pakistan than Turkey, in large part because of Islamabad’s prominent role in mediating between Tehran and Washington.
Lawmaker Ahmad Naderi wrote on X that “Pakistan’s entry alongside Saudi Arabia into the war against the people of Yemen … shows that Pakistan should no longer be considered a mediator but a regional intervenor.”
The Tabnak news website went further, saying Iran viewed the deployment of Pakistani forces to Saudi Arabia as a threat to its security and “will not tolerate Pakistan’s military presence for military operations in the Yemen war.”
It also warned that Pakistan’s increasingly overt alignment with Saudi Arabia could heighten sectarian tensions at home and bring instability to the Iranian-Pakistani border.
Conservative commentator Hassan Hanizadeh similarly accused Saudi Arabia of seeking to create a religious divide, describing a recent meeting in Riyadh involving Saudi, Pakistani and Turkish officials as a sign of “the formation of a Shiite-Sunni polarization in the region.”
Boroujerdi pointed to potential domestic opposition in Pakistan, saying its people were “revolutionary, Muslim and highly sensitive to such issues” and that Islamabad would not have an easy path if it entered the war.
‘Alliance against the oppressed?’
Iranian state media have adopted a more confrontational tone as the pact has become operational, while giving extensive coverage to warnings from Houthi officials directed at Turkey and Pakistan.
Tasnim described the development as “Turkey and Pakistan join the Saudi war against the Yemeni people,” while Nour News, which is close to Iran’s Supreme National Security Council, asked: “Mecca alliance or alliance against the oppressed people of Yemen?!”
In a Thursday commentary, Tasnim warned that if Ankara and Islamabad participate in attacks on Yemen, “they may be directly harmed through attacks on their ships, interests and perhaps even their own territory.”
At least five Iranian military and police personnel were killed and several others wounded in four armed attacks across southeastern Iran within 24 hours, local rights group Haalvsh reported, as violence targeting security forces continued across the area.
Haalvsh, which covers developments in Sistan and Baluchestan, said more than 12 personnel were killed or wounded overall between Wednesday evening and Thursday evening in Nikshahr, Nosratabad, Faryab and Jaleq, but cautioned that the final toll could be higher because some casualties had not yet been identified.
The People's Fighters Front took responsibility for the attacks in Nikshahr, Nosratabad and Jaleq, according to Haalvsh. The alliance, announced in late 2025, includes several Baluch armed groups, among them Jaish al-Adl. The group had not taken responsibility for the killing in Faryab.
Nikshahr and Nosratabad attacks
In the Nikshahr area, Haalvsh said two vehicles carrying military personnel were attacked. Mohammadreza Okati was killed and five others were wounded, according to the outlet, which identified the wounded as Ali Najafi, Mohammadreza Hosseini, Mojtaba Mir and two others identified by the surnames Keikha and Iranmanesh.
Haalvsh said those casualties were taken to Mohammad Rasoulallah Hospital in Nikshahr, while other wounded personnel were evacuated by helicopter to medical facilities in Chabahar, Konarak and Iranshahr. It said it had not established their number or identities.
Iran's army separately confirmed on Thursday that Okati was killed when personnel from its 88th Armored Division came under fire while traveling for a shift change, but said three people were wounded.
In the Nosratabad area near Zahedan, Haalvsh said at least three security personnel were killed and two wounded when gunmen attacked a police commando patrol on the Lakhshak road. It identified two of those reported killed as Vahid Enayat and Abbas Aghaei.
Iranian police had earlier confirmed only Enayat's death, saying officers returned fire and that several attackers were wounded before fleeing.
Police major killed in Faryab
In Faryab, Haalvsh reported that Major Mehdi Jamshidi was shot dead while traveling in a private vehicle in the center of the county.
The outlet said Jamshidi was struck by seven bullets. It also cited reports that he had been among police personnel present during a confrontation involving women and other protesters in the village of Pashmuki in June.
The People's Fighters Front had not issued a statement taking responsibility for Jamshidi's killing, Haalvsh said.
Jaleq police headquarters attacked
The fourth attack targeted the police command headquarters in Jaleq, the administrative center of Golshan County, on Wednesday evening.
Haalvsh said the People's Fighters Front announced that its fighters had used a mine, rocket-propelled grenades and other weapons in the attack and said six police personnel were hit.
Videos obtained by Haalvsh showed heavy gunfire around the facility and at least one support vehicle being targeted, according to the outlet. Haalvsh said it had not independently established the final number or identities of those killed or wounded. IranWire also reported an explosion and gunfire around the police facility.
Attacks follow weeks of violence
The latest incidents follow a series of attacks on Iranian security forces in the southeast. Earlier this week, gunmen attacked two military vehicles in Bampur, while last week a roadside attack near Zahedan and clashes in Rask and other areas produced further casualties.
Official Iranian accounts and reports from Haalvsh have repeatedly differed over casualty numbers in recent attacks. Haalvsh said the toll from the four latest incidents should therefore be treated as provisional, particularly because some wounded personnel were transferred to hospitals outside the areas where the attacks occurred.
Iraq has created a specialized unit within the Popular Mobilization Forces to take control of drones held by armed factions as part of Prime Minister Ali Faleh al-Zaidi’s plan to bring weapons under state authority, Erem News reported on Friday, citing an Iraqi security source.
The source said three of the five factions covered by the plan had completed agreed handovers, but had not surrendered their entire arsenals. The process instead focused on heavy and specialized weapons and dismantling separate military headquarters.
The Popular Mobilization Forces, which the report said formally operates under Iraq’s commander-in-chief, had received the weapons and military headquarters covered by the agreements. It had also begun integrating faction members and severing their previous political and administrative affiliations, according to the source.
Drones placed under PMF structure
The new drone unit is intended to absorb the factions’ unmanned-aircraft capabilities into official state structures rather than leave them under independently run organizations, the source told Erem News.
But the source stressed that the agreements “do not mean complete disarmament.” Instead, they involve transferring specialized weapons and reorganizing armed formations within the PMF.
Erem News said effective control over those military capabilities would depend on completing the integration process and establishing the chain of command responsible for authorizing their use. The report did not identify the three factions that had completed the handover.
Government seeks changes to PMF leadership
A political source close to Iraq’s Coordination Framework told Erem News that the government was also seeking amendments to the law governing the PMF, including limiting the term of its chairman to two years and bringing professional officers from the regular military into senior posts.
The proposal would directly affect the position of current PMF chairman Falih al-Fayyadh, according to the report. The source said the plan faced opposition within the Coordination Framework, particularly from Nouri al-Maliki’s State of Law coalition, which wanted any changes tied to a broader political agreement.
Two factions continue to resist
Erem News said Kataib Hezbollah and Harakat al-Nujaba remained opposed to surrendering their weapons, while other factions had accepted the principle of integration into state security institutions.
Zaidi has set June 30, 2027, as the deadline for completing the weapons-control plan and has said decisions on war and peace belong exclusively to Iraq’s constitutional authorities. According to the political source, he has also told Coordination Framework leaders that he intends to continue implementing the plan even if political agreement on some of its details stalls.
The source said Zaidi warned that failure by groups with armed wings to meet agreed commitments could expose Iraq to security, economic and political consequences, including additional sanctions or pressure, while adding that the prime minister still favored negotiations over a direct military confrontation with factions resisting the plan.
More than two-thirds of respondents to an Iran International Instagram poll said the Trump administration’s pressure on the Islamic Republic is hurting ordinary Iranians more than the authorities.
More than 56,000 people took part in the October 8 poll, with 68% saying ordinary people bear the greatest burden of US pressure. Another 23% said both the public and the government suffer, while 9% said the authorities are affected most.
Men accounted for approximately 76% of respondents and women for 24%.
The largest age group was 25 to 34, representing about 38% of participants, followed by those aged 35 to 44 at 29%. Respondents aged 18 to 24 and 45 to 54 each accounted for 12%.
Thousands of comments accompanying the poll reflected differing views on the economic consequences of US pressure, the Islamic Republic's responsibility for worsening living conditions and whether external pressure could bring political change.
Rising prices dominate concerns
The most common concern among respondents who believed ordinary Iranians were suffering most was the deterioration in daily living conditions.
Many cited rising prices, declining purchasing power, shrinking incomes and the growing financial burden on low-income households.
Others pointed to difficulties accessing medicine and medical treatment, arguing that people with fewer financial resources were particularly vulnerable to economic restrictions.
"Only ordinary people are being crushed under the pressure," one respondent wrote.
Several participants argued that even when US measures target the Islamic Republic, their economic consequences ultimately reach households through higher prices and reduced access to essential goods.
Officials seen as insulated from hardship
Another recurring theme was the perceived gap between the living standards of ordinary Iranians and those of government officials.
Some respondents argued that access to wealth, foreign currency, privileged positions and state resources allowed officials and their associates to avoid some of the hardships experienced by the wider population.
"The main burden falls on the people. The government would even be happy to see people becoming poorer every day," one respondent wrote.
Other participants said the Islamic Republic also suffers from economic restrictions through reduced revenues and limited access to financial resources, but can pass some of those costs on to the public.
For these respondents, the issue was not simply whether sanctions hurt the government or the public, but how the economic burden was distributed.
Economic hardship versus hopes for political change
The sharpest disagreement concerned whether the immediate economic costs of US pressure could be justified by the prospect of political change.
Some respondents acknowledged that ordinary Iranians were suffering but considered the hardship acceptable if it weakened the Islamic Republic or helped bring about a different political system.
"People will endure it because this suffering is worth it for a free Iran tomorrow," one wrote.
Others questioned whether worsening economic conditions would produce meaningful political change.
They argued that household finances could deteriorate far more quickly than external pressure could affect the country's political leadership.
Several respondents held both US policies and the Islamic Republic's economic management responsible for the hardships facing Iranians.
Some likened sanctions to a painful medical treatment, reflecting a willingness among certain supporters of external pressure to accept short-term suffering in pursuit of longer-term political goals.
Others rejected that calculation, arguing that the prospect of political change remained uncertain while the immediate costs to families were already evident.
A divided view of US pressure
Although 68% of respondents believed ordinary Iranians were bearing the greatest burden, their answers did not necessarily show opposition to all forms of US pressure.
Some viewed the economic consequences as unacceptable, while others regarded them as a painful but potentially necessary means of weakening the Islamic Republic.
Likewise, respondents who believed the government was suffering most did not necessarily dismiss the economic difficulties facing households.
