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EXECUTIVE SUMMARY * MNI FED: Gov Barr: Base Case Is For Further Hikes: #83aa171c-7fc4-49fd-82f5-351bcb071d96 * MNI IRAN: Security Chief Says In No Rush To Negotiate: #5df7e2ac-e490-4920-91fd-84069fe559a3 * MNI IRAN: Pezeshkian Talks On Nuclear, Hormuz & US Stance In UN Address: #c9b6854d-8cab-47cb-8646-ce411062279c * M
Treasury Secretary Scott Bessent said Iran’s economy could collapse within weeks or months as Washington steps up sanctions, while saying the aim is to force Tehran to change course.
U.S. stock futures advance, with Dow Jones, S&P 500 and Nasdaq 100 futures higher, as Scott Bessent expands sanctions on Iran and 10-year Treasury yields stand at 4.71%.
U.S. Treasury Secretary Scott Bessent announced a new campaign targeting financial networks, companies and countries that help Iran generate revenue and bypass sanctions, and the news coincided with declines in USO and XLE.
US Treasury Secretary Bessent says no one is above the reach of US sanctions, according to Pro.
Federal Reserve Chairman Kevin Warsh is due to debut at the Jackson Hole Symposium as markets track rising Treasury yields, a weaker dollar and policy signals.