Iranian news agencies said retaliatory missile and drone attacks on US targets had begun.
Bessent is leading the Trump administration's plan to choke off Iran's economy by threatening its business partners with secondary sanctions.
Gold held a decline as attacks in the Middle East and a global bond selloff ratcheted up bets the Federal Reserve may need to raise interest rates to rein in inflation.
Government borrowing costs have been surging around the world as investors demand more compensation to entice them to hold longer-maturity debt. A Bloomberg gauge tracking government debt across the G7 countries now yields its highest on average since September 2000. Michael MacKenzie reports.
U. S. forces launched new strikes Tuesday on targets connected to Iran's Revolutionary Guard, marking another round of attacks this week as the U.
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