Treasury Secretary Scott Bessent, as reported by CNBC, said the United States will continue its pressure campaign against Iran, which the headline characterizes as "squeezing" the country. The transmission mechanism runs primarily through sanctions enforcement and oil supply expectations: tighter restrictions on Iranian crude exports reduce barrels reaching global markets, which feeds into risk premia on Brent and WTI and can lift energy-sensitive inflation expectations. Assets most exposed include crude oil futures, Gulf sovereign and regional equity indices, and emerging-market currencies of large oil importers such as India and Turkey, where a sustained rise in import costs widens current account deficits. Traders should watch the next weekly EIA petroleum inventory report and any Treasury OFAC designation announcements, since new sanctions actions typically signal the scope and enforcement intensity of the campaign.
BESSENT: WE ARE GOING TO KEEP SQUEEZING IRAN : CNBC
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