Bessent Says Maximum Economic Pressure Means No Large-Scale Iran Restart

US Treasury Secretary Scott Bessent said the Trump administration’s plan to crush Iran’s economy will likely negate the need for major US military operations against the Islamic Republic, CNBC reported via FXStreet on Thursday. “If we are doing the maximum economic pressure, then that means that likely there will not be a large-scale kinetic restart,” Bessent said.

The remarks follow Trump’s economic D-Day post that any country providing a lifeline to Tehran will face penalties. Iranian Foreign Minister Abbas Araghchi, the same page writes, dismissed the campaign as a diversion and said the so-called Economic D-Day would only bring further defeat to Washington.

WTI on this page is $87.13

At the time of writing on that page, WTI was up 0.07% at $87.13. That is this stamp. It is not averaged with Friday’s Asian tape around $86.00, or with last night’s just-short-of-$88 print. Hormuz is not reopened.

Live oil is on prices. The next stamps sit on the economic calendar.

Informational only. Not trading advice, signals, or a guarantee of any market outcome.