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US Treasury Secretary Scott Bessent warned that Iran's economy could collapse within weeks or months due to US sanctions. He emphasized that the sanctions aim to encourage negotiations. Bessent also noted that new sanctions would likely be imposed weekly, while US Federal Reserve Chairman Kevin Warsh discussed inflation concerns at the G20 meeting.
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US Treasury Secretary Scott Bessent warned that Iran's economy could collapse within weeks or months due to US sanctions. He emphasized that the sanctions aim to encourage negotiations. Bessent also noted that new sanctions would likely be imposed weekly, while US Federal Reserve Chairman Kevin Warsh discussed inflation concerns at the G20 meeting.
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Iran could face economic collapse in months, US Treasury’s Bessent warns
US Treasury Secretary Warns of Potential Economic Collapse in Iran