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Scott Bessent says Iran's economy is 'collapsing' as Treasury tightens financial vise
Bessent said the eight-week campaign is cutting Iran’s financial links and could reduce its gross domestic product by 20% to 25%, he said.
Summary by The New York Ledger
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Iran economy faces 25% deeper contraction amid soaring inflation, major employment crisis
US Treasury Secretary Scott Bessent said he predicted the Iranian economy would contract an additional 25% by next March and recommended that Iranian civilians begin stocking up on gasoline.
·Jerusalem, Israel
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The New York Ledger
The New York LedgerScott Bessent says Iran's economy is 'collapsing' as Treasury tightens financial vise
Scott Bessent says the Trump administration is intensifying U.S. sanctions and financial pressure on Iran, targeting foreign banking channels to isolate Tehran's economy.
·New York, United States
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Coverage Details
Total News Sources4
Leaning Left0Leaning Right1Center3Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
C 75%
R 25%
Factuality
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