U.S. Treasury Secretary Scott Bessent warned that Iran faces its most severe financial offensive ever, saying new economic sanctions will be announced soon. In an interview with the BBC, Bessent did not specify a schedule for the sanctions. He also said he may utilize the nearly $1 trillion in the Treasury General Account to fund bond buybacks, according to sources cited by CNBC. Bessent's strategy comes as the U.S. weighs further economic pressure on Iran. A recent New Yorker profile, titled The Humbling of Scott Bessent, explored his policy challenges and leadership style.
Sources & References
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Iran faces 'greatest financial offensive ever', says US Treasury Secretary Scott Bessent - BBC
Iran faces 'greatest financial offensive ever', says US Treasury Secretary Scott Bessent BBC
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Bessent could tap near $1 trillion Treasury General Account to fund bond buybacks, sources said - CNBC
Bessent could tap near $1 trillion Treasury General Account to fund bond buybacks, sources said CNBC
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Treasury Secretary Scott Bessent to unveil new economic sanctions on Iran - NPR
Treasury Secretary Scott Bessent to unveil new economic sanctions on Iran NPR
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The Humbling of Scott Bessent - The New Yorker
The Humbling of Scott Bessent The New Yorker
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Bessent Has No Easy Fix for What's Really Driving Yields Up - Bloomberg.com
Bessent Has No Easy Fix for What's Really Driving Yields Up Bloomberg.com