Summary
- US Treasury Secretary Scott Bessent said Washington would apply a policy of no tolerance toward Iran and tighten the screws economically.
- Bessent said additional Iran sanctions and bank sanctions could be announced this week and next week.
- He said Iran holds the world’s third-largest energy resources and that de-risking is needed in relations with China.
Forecast Trend Report by Period
US Treasury Secretary Scott Bessent signaled additional sanctions on Iran and said Washington would step up economic pressure on the country.
Bessent said on September 1 that the US would apply a policy of “no tolerance” toward Iran and “tighten the screws economically,” according to Walter Bloomberg, a social media account that posts breaking economic news.
Sanctions related to Iran, including measures targeting banks, could be announced this week and next week, he said. He added that the US had also held private discussions with China on Iran.
Bessent said Iran holds the world’s third-largest energy resources. He also said about 85% to 90% of Iranian factories have the capacity to be rebuilt.
On trade ties with China, Bessent said the US does not want a full decoupling from China. De-risking, however, is necessary.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.