CNBC · Finance · 2026-08-20
Bessent says U.S. likely won't restart large-scale Iran combat as it steps up economic pressure
The Trump administration's plan to crush Iran's economy will likely negate the need for further U.S. military operations, Treasury Secretary Scott Bessent said. Bessent says U.S. likely won't restart large-scale Iran combat as it steps up economic pressure Bessent and President Donald Trump unveiled the economic operation nearly six months into the Iran war, which continues without a clear end in sight.
Read original on CNBC Get the app
Licensed summary · LicensedSummary
Related briefs
- US Treasury to double long-term bond buybacks as Bessent signals fiscal consolidation and focus on debt
- Augmont Enterprises raises ₹246 crore from anchor investors ahead of IPO launch on Friday
- Gatekeeping bots, piles of slop: Welcome to the age of AI weirdness at work
- Retail F&O losses ease, but frequent traders continue to bear the brunt
- Tom Lee's favorite buy ideas heading into the fall