A post by @FirstSquawk on X.
Rubio and Bessent favour expanding sanctions and keeping the blockade on Iran in place, according to WSJ.
@FirstSquawk on X
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Senator Marco Rubio and Treasury Secretary Scott Bessent back broadening sanctions on Iran while maintaining the existing blockade, according to WSJ reporting cited by First Squawk. The stance signals continuity in Washington's maximum-pressure posture toward Tehran rather than any easing. It matters for oil markets and risk assets because tighter enforcement can constrain Iranian crude exports and keep geopolitical risk premia elevated. Traders will watch whether the White House formalizes new designations and how crude benchmarks and shipping rates react.
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Named in this story
Iran, Scott Bessent, Marco Rubio, WSJ