Treasury Secretary Scott Bessent will hold a press conference Monday to detail what he calls the most aggressive economic isolation campaign ever directed at a single country, Iran. The strategy combines extreme economic isolation with a naval blockade of Iranian ports. The US has set strict red lines: Iran must turn over its highly enriched uranium stockpile and abandon its nuclear weapons ambitions. Oil markets remain vulnerable as Iran holds one of the world’s largest proven reserves and one-fifth of global daily oil consumption passes through the Strait of Hormuz.
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