Bessent Warns Iran’s Trade Partners to Cut Ties or Face Sanctions

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Treasury Secretary Scott Bessent threatened economic punishment against any country doing business with Iran as part of an “economic D-Day” campaign. Bessent said countries will face a specific timeline to shut down links with Iran or face unilateral US punishment, and the US is launching an economic onslaught against Iran’s financial connections around the globe. The US unveiled sanctions against more than 60 entities, focusing on five of Iran’s “most vital lifelines,” including digital assets, technology, gold, aviation and shipping.

On this episode, Norah Mulinda and Tim Stenovec speak with:

• A roundtable of Ira Jersey, Bloomberg Intelligence Chief US Interest Rate Strategist / Mike McKee, Bloomberg TV & Radio International Economics & Policy Correspondent / Nancy Cook, Bloomberg News Senior National Political Correspondent
• Melissa Shin, Bloomberg News Toronto Bureau Chief On US-Canada tariffs
• Chris Levesque, CEO, TerraPower AND Will Wade, Bloomberg News Energy Reporter on Gates-Backed TerraPower to Announce Second Nuclear Plant This Year
• Lisa K. Lippman, Real Estate Agent, Brown Harris Stevens on fall residential estate outlook, regional trends and demand

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