US Treasury Secretary Bessent: "Largest-ever financial offensive" against Iran to begin tomorrow

Treasury Secretary Bessent's statement that the US will launch a major "financial offensive" against Iran signals imminent tightening of sanctions and enforcement risk. Markets typically interpret this as raising geopolitical and energy-supply uncertainty, with potential spillovers into risk assets via higher inflation expectations and volatility. The most direct near-term sensitivity is in crude benchmarks as traders reprice disruption and compliance risk across energy flows.