Scott Bessent said he does not know how the war with Iran will end, while suggesting Iran is under growing economic pressure and cannot pay its soldiers.
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01Summary
- 01Treasury Secretary Scott Bessent made the comments on Sunday as the conflict neared its eight-month mark.
- 02He said he did not know what “crying uncle” is in Farsi, but said Iran would be “crying uncle”.
- 03Bessent said Iran was “collapsing” and could not pay its soldiers.
- 04The source text does not provide further details of the conflict or any response from Iran.
02Why it matters
The comments point to the economic strain linked to the conflict and the uncertainty over how it may end. That matters because the war’s duration and outcome could affect regional stability and wider markets.
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