Yahoo! Finance’s @Jenniferisms: “You just said moments ago that no one is above U.S. sanctions. What specific secondary sanctions or penalties is Treasury prepared to levy against Chinese banks and shipping firms if they do not comply? And then secondly, as you look to take these unprecedented sanctions, you’ve also said that the Iran as the Iran conflict fades and oil prices recede, that will help bring down long term bond yields. In the meantime, you have mentioned your toolkit, and I’m curious if you are looking at reducing auction sizes for longer term dated Treasury debt going forward, and what other actions you may consider from that toolkit. Thank you.” Treasury Secretary Scott Bessent: “Well, why don’t we work backwards? We issued the the quarterly refunding announcement two and a half weeks ago. We are going to continue the with our regular program of auctions, So you will be hearing from us again the at the beginning of next quarter in terms of — as I said, every country, every entity should know that they should be prepared to face U.S. sanctions and the — no one is above this. We are going to hold everyone accountable. And this is asphyxiation, economic asphyxiation of this regime, and, Jennifer, as I said, no one should test our resolve.”