WATCH LIVE: Bessent testifies on Trump's Treasury Department budget request before Senate committee
Summary
U.S. Treasury Secretary Scott Bessent spoke to the Senate about President Donald Trump's budget request. He emphasized efforts to pressure Iran by blocking its ports to limit its oil trade and revenue.Key Facts
- Scott Bessent is the U.S. Treasury Secretary.
- He testified before a Senate committee about President Trump's budget request.
- Bessent highlighted actions to pressure Iran's economy.
- The U.S. is blocking Iranian ports to reduce Iran's oil exports.
- This blockade aims to cut off Iran’s main source of money.
- Bessent said Iran’s oil storage on Kharg Island will fill up.
- He mentioned fragile Iranian oil wells may be forced to shut down.
- The testimony is part of the broader U.S. economic and foreign policy efforts on Iran.
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