US Treasury Secretary Scott Bessent threatened economic punishment against any country doing business with Iran, but provided few details on how the administration’s new initiative would achieve any of President Donald Trump’s desired results, namely the full opening of the Strait of Hormuz. Bloomberg's Abeer Abu Omar breaks down the situation. (Source: Bloomberg)
US Treasury Secretary Scott Bessent threatened economic punishment against any country doing business with Iran, but provided few details on how the administration’s new initiative would achieve any of President Donald Trump’s desired results, namely the full opening of the Strait of Hormuz. Bloomberg's Abeer Abu Omar breaks down the situation. (Source: Bloomberg)
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