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CNBC

Bessent says U.S. likely won't restart large-scale Iran combat as it steps up economic pressure

Thursday, August 20, 2026


Treasury Secretary Scott Bessent stated that the Trump administration's economic pressure campaign against Iran will likely reduce the necessity for large-scale U.S. military operations. Bessent made the statement as the administration increased economic measures targeting Iran. The Treasury Department has pursued sanctions and financial restrictions as part of its Iran policy.

Original reporting: https://www.cnbc.com/2026/08/20/bessent-economy-iran-war-trump.html

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