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Bessent Says Iran Talks Feature Shifting to Invoicing in Dollars
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Currencies Bessent Says Iran Talks Feature Shifting to Invoicing in Dollars Treasury Secretary Scott Bessent indicated that US talks with Iran include the longtime American adversary joining the dollar system and invoicing its oil sales in the greenback. “We’re seeing in the Iranian negotiations the Iranians will be invoicing in dollars,” Bessent said in an interview on CNBC Wednesday. He said that’s one element of a coming, broader reassertion of the US currency’s dominance in the global...
Currencies
Bessent Says Iran Talks Feature Shifting to Invoicing in Dollars
Treasury Secretary Scott Bessent indicated that US talks with Iran include the longtime American adversary joining the dollar system and invoicing its oil sales in the greenback.
“We’re seeing in the Iranian negotiations the Iranians will be invoicing in dollars,” Bessent said in an interview on CNBC Wednesday. He said that’s one element of a coming, broader reassertion of the US currency’s dominance in the global economy.
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