A River In Egypt

A River In Egypt By Molly Schwartz, cross-asset strategist at Rabobank A river in Egypt Scott Bessent took to CNBC’s Squawk Box yesterday to opine on the situation with Iran. Bessent echoed Trump’s comments that any released Iranian assets are to remain under US Treasury oversight and are restricted to use for food and medicine. However, money is fungible, and any released cash that is used to help civilians may mean more cash from other places that can be used to support the IR...

By Tyler Durden