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Bessent: Sanctions Pressure on Iran Can Work without Chinese Help

Summary by BizToc
Treasury Secretary Scott Bessent joins CNBC's "Squawk on the Street" to discuss whether the U.S. can financially pressure Iran ...
DisclaimerRead with caution - this story is only being covered by one news source that has a ‘low factuality’ rating, which means the outlet has a history of poor reporting practices. Learn more about factuality ratings here.

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U.S. Treasury Secretary Scott Besant claimed that the Iranian economy could collapse “within weeks or months” due to U.S. sanctions. He assessed that Iran’s recent intensification of military aggression against the U.S. is also due to being driven into an economic corner. Without the cooperation of China, the largest buyer of Iranian crude oil, the economy

For Scott Bessent, it will be a matter of time before the economic suffocation operation to Tehran begins to have effects on Iranian leaders, claiming that "they are isolated" and showing signs of apprehension.

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news-pravda.com broke the news on Sunday, August 30, 2026.
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