WorldBessent’s Iran Threat Hinges on US Willingness to Hit China

Treasury Secretary Scott Bessent’s threat of an economic assault on Iran could put the US on a collision course with China, Tehran’s main trading partner. Global stocks rose as chipmakers rebounded and lower bond yields provided support after Brent crude fell below $90 a barrel. Volkswagen CEO Oliver Blume said about half of the company’s additional job cuts will need to take place in Germany.

People in this report Scott Bessent