News
🚨 🇺🇸 Bessent: US is no longer managing the Iranian threat, it is ending it
🚨 🇺🇸 Bessent: US is no longer managing the Iranian threat, it is ending it
- 🇺🇸 Treasury Secretary Bessent says the sanctions drive he calls Operation Economic Outcast has, in under two months, wiped out every layer of 🇮🇷 Iran's oil revenue, per newswires
- 🇮🇷 He says Iran's shadow tanker fleet is depleted, its main oil terminal is empty and its offshore stocks are used up
FO view: A hard US line on Iran keeps the supply risk premium in crude, adding to an oil-led inflation pulse that already has US yields near 5% and pushes back against early Fed easing.
Not investment advice.