'Bit of pain' worth long-term security from Iran, Bessent tells BBC

US Treasury Secretary said a "small bit of economic pain" was worth it to eliminate the threat of Iranian strikes on Western capitals.

The article reports on a significant rise in U.S. wholesale prices due to the Iran conflict, with Treasury Secretary Scott Bessent stating that short-term economic pain is worth the long-term security of preventing a nuclear Iran.

Scott Bessent warns that Chinese tankers will be blocked from the Strait of Hormuz amid escalating tensions with Iran, emphasizing that paying Iran's tolls would violate U.S. sanctions.

Treasury Secretary Scott Bessent states that a small amount of economic pain is justified to eliminate the risk of a nuclear-armed Iran, suggesting that short-term costs are acceptable for long-term security.

Scott Bessent comments that temporary economic hardships are acceptable to mitigate the significant risks posed by a nuclear-capable Iran, expressing confidence that the conflict will eventually subside.

Treasury Secretary Scott Bessent discusses the impact of the Iran conflict on global energy prices, stating that temporary economic pain is acceptable to eliminate the risk of a nuclear Iran.