Bessent says U.S. likely won't restart large-scale Iran combat as it steps up economic pressure

The Trump administration's plan to crush Iran's economy will likely negate the need for further U.S. military operations against the Islamic republic, Treasury Secretary Scott Bessent told CNBC on Thursday.

"If we are doing the maximum economic pressure, then that means that likely there will not be a large-scale kinetic restart," Bessent said in an exclusive interview with "Squawk on the Street."

The Cabinet secretary's comments came hours after President Donald Trump declared that the U.S. will launch "Economic Warfare and Isolation on an unprecedented scale" against Iran.

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