Scott Bessent warns the largest bombing campaign on Iran happens ‘tonight’
Fox Business • • general
Key Points:
- Treasury Secretary Scott Bessent announced a major U.S. bombing campaign targeting Iranian missile launchers and factories, aiming to substantially degrade Iran's military capabilities.
- After military setbacks, Iran is reportedly shifting focus to create economic chaos, though Bessent expressed skepticism about their success in this strategy.
- The U.S. is enhancing insurance coverage for vessels transiting the Strait of Hormuz, a critical oil route controlled by Iran, with the International Development Finance Corporation providing up to $20 billion in insurance to support maritime trade.
- Iran claims the Strait of Hormuz remains open but restricts passage for ships linked to U.S. or Israeli interests, prompting the U.S. to consider naval escorts to ensure safe passage for its vessels
