Treasury Secretary Scott Bessent said President Trump will not accept a bad deal with Iran, emphasizing that Iran must turn over its highly enriched uranium, abandon any path to a nuclear weapon, and keep the Strait of Hormuz fully open. The comments reinforce a hard-line U.S. stance and highlight ongoing geopolitical risk around Middle East energy flows. The potential for disruption to the Strait of Hormuz makes this materially relevant for oil and broader risk assets.
Treasury Secretary Scott Bessent said President Trump will not accept a bad deal with Iran, emphasizing that Iran must turn over its highly enriched uranium, abandon any path to a nuclear weapon, and keep the Strait of Hormuz fully open. The comments reinforce a hard-line U.S. stance and highlight ongoing geopolitical risk around Middle East energy flows. The potential for disruption to the Strait of Hormuz makes this materially relevant for oil and broader risk assets.
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