Why Bessent's "Grow Your Way Out" Debt Strategy Is A Mathematical Fantasy - Forbes

Scott Bessent announces bank sanction over Iran strategy

Treasury Secretary Scott Bessent said a large bank will be sanctioned on Monday as part of the United States strategy toward Iran. The Treasury also hit the rest of Iran's aviation sector. The move cuts some of Iran's remaining external connections.

The bank targeted processes oil earnings from Iran. Aviation sanctions hit airlines and maintenance providers. Critics argue the debt plan depends on unrealistic growth assumptions. The news came on Sunday.

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