US Treasury Secretary Scott Bessent speaks during a roundtable with journalists after speaking at an Institute of International Finance event on the global financial sector on April 14, 2026, in Washington, DC. (Photo by Oliver Contreras / AFP via Getty Images)

Bakers stand by an oven inside a bakery in southern Tehran on April 14, 2026. Gross domestic product in Iran, hit by intense US-Israeli bombing, will contract 6.1 percent this year, the International Monetary Fund said, slashing its January forecast by 7.2 percentage points. (Photo by AFP via Getty Images) /

A baker serves bread to customers at a bakery in southern Tehran on April 14, 2026. Gross domestic product in Iran, hit by intense US-Israeli bombing, will contract 6.1 percent this year, the International Monetary Fund said, slashing its January forecast by 7.2 percentage points. (Photo by AFP via Getty Images) /

A baker serves bread to customers at a bakery in southern Tehran on April 14, 2026. Gross domestic product in Iran, hit by intense US-Israeli bombing, will contract 6.1 percent this year, the International Monetary Fund said, slashing its January forecast by 7.2 percentage points. (Photo by AFP via Getty Images) /

Iranians line up outside a bakery in southern Tehran beneath a portrait of Iran's slain supreme leader Ayatollah Ali Khamenei, on April 14, 2026. Gross domestic product in Iran, hit by intense US-Israeli bombing, will contract 6.1 percent this year, the International Monetary Fund said, slashing its January forecast by 7.2 percentage points. (Photo by AFP via Getty Images) /

WASHINGTON, DC - APRIL 14: (L-R) David McCormick (Senator - (R) Pennsylvania) and Burgess Everett (Congressional Bureau Chief - Semafor) speak on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 14: (L-R) David McCormick (Senator - (R) Pennsylvania) and Burgess Everett (Congressional Bureau Chief - Semafor) speak on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 14: (L-R) David McCormick (Senator - (R) Pennsylvania) and Burgess Everett (Congressional Bureau Chief - Semafor) speak on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)