US Treasury Secretary Scott Bessent said that the US President Donald 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 on Thursday.

“If we are doing the maximum economic pressure, then that means that likely there will not be a large-scale kinetic restart,” said Bessent.

The remarks came after Trump’s declaration on Truth Social that the Washington plans to choke Iran’s economy by levying major penalties against any country that provides “any type of lifeline” to Tehran.

Iranian Foreign Minister Abbas Araghchi dismissed Trump’s announced…

Read the full article at FXSTREET.COM