U.S. Treasury Secretary Defends Use of Dollar Swap Lines Amid Iran War
U.S. Treasury Secretary Scott Bessent defended the use of U.S. dollar swap lines with allies in the Persian Gulf and Asia amid the Iran war, stating these discussions are part of routine conversations. The move is seen as a response to economic instability in oil-rich nations affected by the conflict.
Topics: allies currency swaps economic policy Iran war U.S. Treasury