World
US Treasury Secretary Bessent says Gulf, Asian allies request swap lines
✦ AI Brief
US Secretary of the Treasury Scott Bessent has stated that several Gulf region and Asian allies have requested currency swap lines from the US to help with economic uncertainty caused by the US-Israel war on Iran. Bessent said such facilities would help stabilise financial markets and benefit both the US and the UAE. He also mentioned that numerous other countries, including Asian allies, have requested similar swap lines.
