US Treasury Secretary defends short-term economic pain for long-term security amid Iran war
US Treasury Secretary Scott Bessent has stated that the economic downturn caused by the ongoing US-Israel conflict with Iran is a necessary sacrifice to prevent the threat of Iranian nuclear strikes on Western capitals.Bessent emphasized that while the global economy faces challenges, the long-term security benefits outweigh the short-term economic costs.The International Monetary Fund (IMF) has warned that the war could push the global economy into recession, with global growth potentially falling below 2% in 2026 if oil, gas, and food prices spike and remain high.Despite these warnings, Bessent expressed confidence that the US and Israeli military actions have reduced... [Continue Reading]
360LiveNews | 14 Apr 2026 19:33 LONDON
