U.S. Department of the Treasury

Iran’s economy is floundering and its military is decimated. Through Economic Fury, Treasury will continue to sever Iran’s shadow fleet, shadow banking networks, and access to global trade.

Today, Treasury’s Office of Foreign Assets Control is designating a network of individuals, entities, and vessels responsible for shipping hundreds of millions of dollars’ worth of Iranian-origin liquid petroleum gas⸺intentionally disguised as Omani LPG⸺to end users in South and East Asia.

.@POTUS has done more than anyone in history to secure our nation’s borders. Part of that effort includes securing our financial system. This Administration will not allow illegal aliens to abuse financial institutions to steal billions of dollars from hardworking American taxpayers.

Today, Treasury’s @FinCENnews issued an Advisory urging financial institutions to be vigilant against risks presented by the unlawful employment of illegal aliens. This is the first step in implementing @POTUS’ historic Executive Order entitled Restoring Integrity to America’s Financial System.

.@SecScottBessent: “A whole-of-government approach, meanwhile, is coupling our manufacturing revival with a great regulatory reset. Properly calibrated regulation is essential for economic growth, capital formation, employment, and higher wages. So, at the outset of this Administration, @POTUS set the ambitious benchmark of slashing ten existing regulations before issuing a new one. In 2025, we shattered that goal with a ratio of 129-to-1. And as a result, deregulatory actions generated more savings last year than in those of the prior Trump Administration combined.”

.@SecScottBessent: “@POTUS is undeterred in his determination to open markets for U.S. goods and services while rebuilding U.S. manufacturing capacity. Over the 12-months ending March 2026, the trade deficit for goods declined by $370 billion compared to the same timeframe ending March 2025. The economy has added 313,000 net new private sector jobs and 13,000 manufacturing jobs in the past two months. Firm capital expenditures rose at an annual rate of over 17 percent in the first quarter. And companies are investing trillions to build and expand here at home. American industry is winning again to the benefit of American workers.”

.@SecScottBessent: “Any one of our initiatives on trade, tax cuts, and deregulation would be substantial. Taken together, they are transformative. Before @POTUS took office, our trading partners exploited America’s markets, our regulatory state smothered businesses, and our tax code was poised to punish workers and job creators. Today, President Trump’s policies are driving lower taxes, bigger paychecks, and broader prosperity.”

.@SecScottBessent: “@POTUS’ pro-growth policies don’t stop at putting more money back in the pockets of working- and middle-class families—they extend to placing the American Dream within closer reach of their children. For context, nearly 40 percent of Americans have no exposure to the U.S. stock market. That means no stake in the companies they help to build. @TrumpAccounts represent a profound reimagining of that arrangement. They will ensure that every American child can benefit from private ownership and compound growth; that every American child, in short, is born a shareholder. To date, nearly 6 million Trump Accounts have been opened, with 1.4 million eligible for the $1,000 seed contribution.”

.@SecScottBessent: “This Tax Day, under @POTUS, we celebrated how much more money hardworking Americans kept, not how much the government took. Over 62 million tax returns claimed at least one of President Trump’s signature new tax cuts—No Tax on Tips, No Tax on Overtime, deductibility of American car loan interest, and an enhanced deduction for low- and middle-income seniors. All told, the average refund increased by over 11 percent, with total refunds increasing by 18 percent.”

While Iran’s economy is in free fall, the regime has chosen to co-opt digital asset technologies for its own corrupt agenda, including evading sanctions and transferring wealth out of the country. Iran’s current economic chaos is proof that @POTUS’ maximum pressure campaign has been a success. As promised, Treasury will continue to follow the money in support of Economic Fury, whether it is through the banking system or through digital assets, to prevent the regime from developing a nuclear weapon.

American families and workers overwhelmingly benefitted from the Working Families Tax Cuts, receiving the largest share of the historic tax relief delivered this past filing season. @USTreasury’s new analysis confirms @POTUS’ @TaxCuts delivered substantial tax relief to hardworking Americans and provided greater relief and financial certainty to low- and middle- income households.

In honor of National Small Business Month, @USTreasury convened a roundtable discussion with local business leaders on how @POTUS' Working Families Tax Cuts are helping businesses grow, invest, and create jobs. From full-expensing for R&D and manufacturing equipment to No Tax on Tips, No Tax on Overtime, and expanded small business deductions, the President’s signature policies are delivering real relief for workers, entrepreneurs, and Main Street businesses.

We continued the @TrumpAccounts Tour in Westlake Village, California, convening hundreds of local families, businesses, and community leaders for a conversation with @KelseyGrammer on how this Administration is shaping stronger financial futures for the next generation of Americans. President Trump’s pro-growth agenda is resonating with a broader base than ever before, from Main Street to Wall Street to Hollywood.

For too long, our political class treated efficiency as a substitute for resilience and consumption as a measure of prosperity. Trade policy, industrial capacity, and national security are inseparable. And to allow foreign dependencies to degrade any one of those domains is to allow them to define America’s future. Under @POTUS’ leadership, we are rebuilding domestic production to restore American sovereignty.

While America slept for decades, our vulnerabilities grew. But under President Trump’s leadership, we are alert to the risks we can no longer ignore—and attuned to the responsibilities we can no longer defer. Under @POTUS, we have awoken to morning again in America. And as we celebrate 250 years of the American story, I firmly believe that our best days still lie ahead.

The United States Government will not tolerate any effort to impose a tolling system in the Strait of Hormuz. Oman, in particular, should know that the U.S. Treasury will aggressively target any actors involved - directly or indirectly - in facilitating tolls for the Strait and any willing partners will be penalized. All nations should reject outright any efforts by Iran to disrupt the free flow of commerce. Tehran’s days of terrorizing the region and the world are over.

The @USTreasury continues our Economic Fury campaign against the Iranian regime. Their troops are not getting paid, the police are not reporting for work, and Kharg Island is shut down. The Iranian economy and currency are in free fall. Iran’s Persian Gulf Strait Authority (PGSA) is a joke, and today Treasury has sanctioned it. We have warned any corporate or state entities against paying tolls or hiding them as aid payments. Forming a Wall of Steel, the U.S. Naval Blockade has ensured a record low amount of Iranian crude on the water. We will also be shutting down both Iranian airlines’ access to landing spots, refueling, and ticket sales. Only a satisfactory outcome in negotiations will end the downward spiral.