Bessent Says Many US Allies in Gulf, Asia Requested Swap Lines

TL;DR

Bessent Says Gulf, Asian Allies Requested Currency Swap Lines Bessent Says Many US Allies in Gulf Have Requested Swap Lines Bessent Backs Financial Support for Oil-Rich U.A.E. Treasury Secretary Scott Bessent said on Wednesday that "many" oil-rich U.S. allies in the Persian Gulf have requested a financial backstop amid economic turbulence from the war with Iran.