US-Iran conflict shifts toward economic endurance

Bloomberg+2 · 14 days ago
US-Iran conflict shifts toward economic endurance
  • Washington is increasing economic pressure on Iran through sanctions and a blockade, framing the conflict as a test of endurance.
  • Treasury Secretary Scott Bessent said Tehran has about 30 million barrels of crude remaining for potential Chinese buyers.
  • The Trump administration has begun developing a broader post-war strategy for the Middle East, though the framework remains in an early stage.
  • Axios described an upcoming verdict on the administration's Strait of Hormuz strategy.