US Treasury Secretary says economic pressure campaign on Iran is producing results

What happened: U.S. Treasury Secretary Scott Baumann (note: original Persian named 'Scott Bessent') said the U.S. economic campaign against the Islamic Republic—described in his message as an "economic ostracism operation"—is producing tangible results. He wrote that the rial has fallen to historic lows, Iran did not load oil onto tankers in the past month, and a senior Iranian security official has acknowledged the current economic hardship. Attribution and context: Baumann made these claims in a written message; he said the pressure will continue until, in his view, the Iranian government ceases financing terrorism and developing nuclear weapons. Uncertainties and wording: The summary preserves Baumann's characterizations and goals as presented in his message and does not independently verify the currency, shipping, or official statements he cited.