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US May ‘Escalate to De-Escalate’ Attacks Against Iran, Says Scott Bessent

Bessent argued lifting sanctions on Iranian and Russian oil would prevent price spikes and limit revenues, while the U.S. military seeks roughly $200 billion in extra war funding.

US Treasury chief made the comment after Trump threatened to ‘obliterate’ Iranian energy plants if Tehran did not open the Strait of Hormuz.

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USA Today broke the news in United States on Sunday, March 22, 2026.
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