U.S. Treasury Secretary Bessent’s House hearing was interrupted by anti-war protesters who unfurled banners opposing a war against Iran. Bessent said the United States was now ending the Iranian threat rather than managing it, while noting that he had seen forward-looking statements from the UAE on Iran. He also said Treasury officials recently held good talks during a visit to the UAE. On the economy, Bessent said real wage growth was outpacing inflation and employment was increasing, describing a new industrial supercycle as underway. He attributed higher 10-year U.S. Treasury yields primarily to rising oil prices.