Bessent to Hold Press Conference on Monday

US Treasury Secretary Scott Bessent will hold a press conference on Monday to detail planned sanctions against Iran. The briefing follows recent efforts by the Treasury to address rising long-term bond yields and mounting national debt concerns.

FILE PHOTO: U.S. Treasury Secretary Scott Bessent speaks to reporters at the White House in Washington, D.C., U.S., August 20, 2026. REUTERS/Kevin Lamarque/File Photo

United States Treasury Secretary Scott Bessent will hold a press conference on Monday afternoon to outline new sanctions targeting Iran. The briefing follows an aggressive expansion of government debt buybacks aimed at cooling long-dated yields. Global markets are bracing for details on enforcement after President Donald Trump warned of severe economic penalties for nations supporting Iran.

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