Larry C. Johnson: Bessent Doesn’t Understand that He Can’t Weaponize the Dollar with Iran and Bank On It with China

Treasury Secretary Scott Bessent had a schizophrenic Thursday. Asked on CNBC why oil had jumped on the administration’s latest Iran threats, he professed bewilderment: “I’m not sure why oil has popped up on this.” In separate remarks the same day he went further — “We’ve got a spike in oil prices today that I don’t really understand” — and waved the move away as noise. Apparently he forgot that this was hours after he had announced that the United States would keep its naval blockade and impose what he called the toughest sanctions in history on Iran, adding, “This will work.” It was a day after Trump had promised the “MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY!“

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