Key Facts

• US Treasury Secretary Scott Bessent stated that the negotiation process with Iran will be a gradual one, saying "It is going to be a process," during his remarks at the Economic Club of New York.
• Bessent implied that the US is offering Iran incentives, referring to them as "carrots," while also suggesting that there are consequences, or "sticks," for non-compliance.
• The comments were made by Bessent during a speaking engagement at the Economic Club of New York, as reported by Bloomberg.
• The US approach to negotiations with Iran appears to involve a combination of positive and negative measures, aimed at influencing Iran's actions.
• Bessent's characterization of the negotiation process as a gradual one suggests that the US does not expect an immediate resolution to the talks with Iran.