CNBC(@CNBC):The Trump administration’s plan to crush Iran’s economy will likely negate the need for major U.S. military operations against the Islamic republic, Treasury Secretary Scott Bessent told CNBC on Thursday. “If we are doing the maximum economic pressure, then that means that likely there will not be a large-scale kinetic restart,” Bessent said in an exclusive interview with “Squawk on the Street.” Read more:

2026.08.20 21:00

The Trump administration’s plan to crush Iran’s economy will likely negate the need for major U.S. military operations against the Islamic republic, Treasury Secretary Scott Bessent told CNBC on Thursday. “If we are doing the maximum economic pressure, then that means that likely there will not be a large-scale kinetic restart,” Bessent said in an exclusive interview with “Squawk on the Street.” Read more: