Bessent Warns Iran's Trade Partners to Cut Ties | Radio Balance of Power: Early Edition 8/24/2026

On the early edition of Balance of Power, Bloomberg Washington correspondents Joe Mathieu and Kailey Leinz discuss the latest from the Trump administration. On today's show, they speak with Joe Lavorgna, Chief Economist of SMBC Americas/Former-Counselor to Secretary Scott Bessent at the US Treasury Department, Rick Dav

Treasury Secretary Scott Bessent on Monday issued a global warning for countries to cut any financial ties with Iran or risk being cut off from the U.S. dollar system, launching a new economic pressure campaign against the Islamic Republic as the military front has reached a stalemate six months into the war.  Called “