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strikeAug 16, 2026

"US Can't Bomb Its Way To Victory": Scotiabank Maps Bessent's Coming Economic Hammer On Iran

Summary

"US Can't Bomb Its Way To Victory": Scotiabank Maps Bessent's Coming Economic Hammer On Iran Brent crude futures ended last week near $88.50 a barrel as traders awaited details of Treasury Secretary Scott Bessent's planned escalation campaign of the economic war against Iran.

Source: Tyler Durden — Read the full report

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Sources

  • Tyler DurdenBy Tyler Durden

    "US Can't Bomb Its Way To Victory": Scotiabank Maps Bessent's Coming Economic Hammer On Iran Brent crude futures ended last week near $88.50 a barrel as traders awaited details of Treasury Secretary Scott Bessent's planned escalation campaign of the economic war agai…

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strikeUnverifiedUSIranEURussiaUkraine
○ 1 source

Melania Trump hosted representatives from the Russian and Ukrainian governments at the White House on Thursday to mark the end of a localized ceasefire. The source describes this as a limited humanitarian breakthrough, noting it occurred while President Donald Trump’s efforts to end the war have not succeeded.

The event took place two days after a midterm election defeat that Republicans attribute to the Iran war.

Location: Iran