Treasury Secretary Janet Yellen Highlights Potential Global Economic Fallout from Rising Tensions in the Middle East

U.S. Treasury Secretary Janet Yellen has issued a stern warning regarding the escalating tensions in the Middle East, particularly in light of Iran’s recent actions. Yellen emphasized the threat posed by Iran’s “malign and destabilizing activity” in the region, stressing that the U.S. and its allies stand ready to utilize sanctions to address the situation.

Speaking ahead of the spring meetings of the International Monetary Fund and World Bank, Yellen pointed to Iran’s missile attack on Israel over the weekend as a clear example of the risks involved. She underscored the importance of leveraging economic tools to counter Iran’s actions and maintain regional stability. Yellen also hinted at the possibility of further sanctions against Iran in the near future.