U.S. Treasury Secretary Scott Bessent warned that Iran faces its greatest financial offensive ever, saying new economic sanctions will be unveiled soon. In an interview with the BBC, Bessent did not specify a timeline for the measures. He also indicated he may use the nearly $1 trillion in the Treasury General Account to fund bond buybacks, according to sources cited by CNBC. Bessent's approach comes as the U.S. weighs further economic penalties on Iran. A recent New Yorker profile, titled The Humbling of Scott Bessent, reviewed his policy difficulties and leadership style.
Sources & References
-
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
-
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
-
Treasury Secretary Scott Bessent to unveil new economic sanctions on Iran - NPR
Treasury Secretary Scott Bessent to unveil new economic sanctions on Iran NPR
-
The Humbling of Scott Bessent - The New Yorker
The Humbling of Scott Bessent The New Yorker
-
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