187 stories found
The United States announced new sanctions targeting Iran's oil sector and shipping networks, ending temporary waivers for some buyers. In response, Iran issued warnings to the US regarding the Strait of Hormuz, threatening to sink American warships.
The International Monetary Fund has warned that the US Treasury market is prone to "sudden repricing" due to soaring national debt, which is projected to exceed 142% of GDP by 2031. This warning highlights concerns about financial stability and the overreliance on short-term bills, alongside other global economic concerns.
Democrats' social media team criticized two Trump cabinet members, Treasury Secretary Bessent for a beverage gaffe and Defense Secretary Pete Hegseth for alleged problem drinking.
An analyst, Bessent, forecasts that oil prices are expected to drop to approximately $3 per gallon during the upcoming summer months.
The ongoing conflict in the Middle East has significantly impacted the luxury goods sector, leading to a decline in sales and stock prices for major brands like Kering and Hermès. The instability has deterred international buyers, particularly from the Dubai region, affecting the industry's performance.
According to a Treasury official, tariffs imposed during the Trump administration could potentially be reinstated by July.
The International Monetary Fund has significantly cut its global economic growth forecasts, warning of slower growth and potential recession. The IMF cited geopolitical tensions, including the situation in the Persian Gulf, as key factors impacting the outlook for various economies worldwide.
Treasury Secretary Bessent has reportedly made a major announcement concerning potential Federal Reserve interest rate cuts, drawing significant market attention.
The Treasury secretary stated that it is challenging to determine the exact causes of global warming, which he characterized as a belief held by the 'elite,' and questioned its economic toll.
Bessent convened an emergency meeting with top bank CEOs to discuss an artificial intelligence system that uncovered thousands of previously unknown flaws.
A top US government official has warned leaders of major American banks about a new artificial intelligence model developed by Anthropic, citing concerns that it could heighten the risks of cyberattacks.
Treasury's Bessent and Fed's Powell reportedly convened an urgent meeting with heads of Wall Street banks. The purpose of the meeting was to warn about potential cybersecurity risks associated with Anthropic's AI technology, amidst an ongoing Pentagon dispute.
With US Treasury Secretary Scott Bessent and Federal Reserve chair Jerome Powell reported to have held urgent talks over Anthropic’s latest artificial intelligence model, experts are warning that…
A new AI model from Anthropic has triggered cyber risk warnings, with sources indicating that Bessent and Powell specifically cautioned bank CEOs about the potential risks associated with the model.
A report highlights Bessent's call for an urgent crypto bill, citing existing regulatory gaps in the cryptocurrency market.
Scott Bessent forecasts that "very large refunds" totaling $150 billion are expected to be distributed to American accounts, offering advice on how to manage these funds.
An expert named Bessent claims that one in four Americans can benefit from a significant tax break and reveals a tactic for an automatic pay increase in 2026.
Oil market well supplied, control of Hormuz to shift over time, Bessent says Reuters
The Middle East conflict continues to fuel inflation and impact global economies, leading to growing doubt among UK shoppers and prompting governments like India and Albania to implement measures such as export duties, reduced excise taxes, and price board meetings to stabilize fuel prices. Spanish families are also saving more amidst rising inflation, while European fund managers advise on investment strategies to mitigate risks.
Donald Trump will become the first sitting US president to have his signature featured on American dollar banknotes, a historic change announced by the Treasury Department, with his likeness also potentially appearing on gold coins.
Two people were killed and three injured in Abu Dhabi after a drone was intercepted, with falling debris causing the casualties, as authorities confirmed fallen debris from an intercepted Iranian missile killed at least two people amid a new wave of attacks on Gulf countries.
The US has reportedly informed Israel of a potential ground military operation to seize Iran's Kharg Island, while Treasury Secretary Scott Bessent previously indicated that military deployment to the island is a possibility as the US considers escalating attacks in the Iran War.
Scott Bessent accused NBC's Kristen Welker of "terrible framing" during an exchange about Iranian oil on Sunday, as the host pressed the treasury secretary on why the U.S. lifted sanctions.
A day earlier, the president threatened to 'obliterate' Iranian energy plants, but also said he was considering 'winding down' the war
US Treasury Secretary Scott Bessent has reiterated that the United States possesses ample funds to finance the Iran war, even as a $200 billion additional funding request faces stiff opposition in Congress.
A US Treasury official, Bessent, has stated that the United States possesses 'plenty' of funds to finance a potential war with Iran.
"In essence, we will be using the Iranian barrels against Tehran to keep the price down as we continue Operation Epic Fury," Bessent said.
President Trump is reportedly pressuring reluctant allies to find ways to reopen the Strait of Hormuz, a critical oil transit choke point, as oil and natural gas prices surge.
Treasury Secretary Scott Bessent broached waiving sanctions on oil already at sea, which would be a stunning reversal of longstanding American policy.
Iran Oil Exports Soar As Bessent Floats Unsanctioning Iranian Oil Already-At-Sea If the unstated intention of the Iran war was to give far more leverage to Russia, and - paradoxically -…
US Treasury Secretary Scott Bessent said Thursday that Washington might "unsanction" Iranian oil that is already being shipped, as energy prices soar due to the war in the Middle East. The post…
Trump may need to delay the trip to China due to coordinating the war effort in Iran, says US Treasury Secretary Scott Bessent.
Treasury secretary Scott Bessent says White House is prepared to tolerate the trade to avoid supply shortages
President Trump is forcing a Senate showdown over voter ID legislation ahead of the midterm elections, amidst broader scrutiny over his comments on the Iran war, fundraising, and State of the Union conduct.
Les discussions «ont été constructives et montrent la stabilité de la relation» entre les deux pays, a dit Scott Bessent à des journalistes, à l’issue de deux jours de discussions.
Twenty Thai sailors have returned home after their cargo ship was attacked in the Strait of Hormuz, leaving three crew members missing on the damaged vessel.
US Treasury Secretary Scott Bessent left a live Sky News interview after being urgently summoned to meet US President Donald Trump at the White House.
Scott Bessent, a Trump official, acknowledged concerns but stated that a 30-day waiver for India to buy oil from Russia is 'inevitable,' hoping Russia's benefit would be 'micro period.'
In the interview, Scott Bessent said that he would ‘trust’ his child’s life in President Trump’s hands
A US Treasury official is scheduled to meet with the Chinese vice-premier in France, ahead of an anticipated summit between Trump and Xi.
Bessent is scheduled to meet with China's vice premier in Paris, preceding a planned visit by former President Trump to Beijing.
A Republican lawmaker from Michigan has urged Scott Bessent to investigate the expansion of Chinese influence in the US automotive market.
US-Handelsminister Scott Bessent kann sich damit vorstellen, damit auf die angespannte Lage am Ölmarkt zu reagieren. Unterdessen setzten die USA und Israel ihre Angriffe auf den Iran fort
Kremlin spokesman Dmitry Peskov's comments came hours after U.S. Treasury Secretary Scott Bessent said that Washington has issued a temporary 30-day waiver to allow Indian refiners to purchase Russian oil
JAV iždo departamentas laikinai sušvelnino sankcijas Indijai, kad ši galėtų pirkti jūroje įstrigusią rusišką naftą. Apie tai soc. tinkle „X“ pranešė JAV iždo sekretorius Scottas Bessentas.
Treasury Secretary Scott Bessent gives India a 30-day waiver to buy Russian crude as a "stop gap measure".
‘Stopgap measure’ designed to keep oil flowing into global market as Middle East crisis disrupts crude shipments The US treasury issued a 30-day waiver on Thursday allowing India to buy Russian oil currently stuck at sea. “To enable oil to keep flowing into the global market, the treasury department is issuing a temporary 30-day waiver to allow Indian refiners to purchase Russian oil,” treasury secretary Scott Bessent said in a statement posted to social media. Continue reading...
US Treasury Secretary Scott Bessent said Wednesday that a new US global tariff will likely rise to 15 percent from 10 percent "sometime this week," as President Donald Trump's administration is working to replace its emergency tariffs that the Supreme Court recently struck down. Bessent made the remarks in a CNBC interview, as Trump has said his administration will raise the temporary tariff amid efforts to maintain his trade policy following last month's court ruling against his use of the Inte
US Treasury Secretary Bessent indicated on the 4th that the 10% tariff measure currently applied to a wide range of countries, including Japan, could be raised to 15% as early as this week.
Watch: Bessent Teases 'Series Of Announcements' To Stabilize Oil; Says Trump's 15% Tariff Will Kick In This Week Authored by Andrew Moran via The Epoch Times (emphasis ours), President…
Scott Bessent says that "likely sometime this week" the US will increase its global tariff on imports from the existing 10%.
Scott Bessent, tasked by Trump to sever trade ties with Spain, stated that Spain 'acted terribly' and was 'taking advantage' within the NATO framework, putting American lives at risk.
Treasury Secretary Scott Bessent predicted that overall tariff rates, which fell after a Supreme Court ruling last month, would be back to previous levels within five months.
According to Bessent, former President Trump's proposed global 15% tariffs are scheduled to commence this week, potentially impacting international trade.
SJEDINJENE Američke Države preuzele su potpunu kontrolu nad iranskim nebom, izjavio je američki ministar financija Scott Bessent u intervjuu za CNBC.
China and the United States will hold a new round of high-level trade talks in Paris at the end of next week, according to sources from both sides, as preparations press on for US President Donald Trump’s visit to China. Led by Chinese Vice Premier He Lifeng and US Secretary of the Treasury Scott Bessent, the two delegations will meet in the French capital to discuss trade and investment deals – including on tariffs, investment, soybean and rare earth – that would be presented as deliverables...
Why Scott Bessent Is So Worried About The Japanese Yen Forbes
Scott Bessent indicates that the Treasury is closely monitoring the private credit market due to growing concerns.
A poll indicates that 64% of Americans disapprove of former President Trump’s tariffs, with disapproval spanning various demographics.
Bessent has stated that the U.S. economy is expected to achieve a growth rate of at least 3.5% by 2026.
A counselor to the Treasury Secretary, Bessent, commented on experiencing 'very strong disinflationary growth' in the economy.
President Trump's push to confirm Kevin M. Warsh as the next Federal Reserve chair is complicated by a criminal investigation into Jerome Powell, leading to backlash in the Senate.
According to Bessent, Trump-era tariffs could be reinstated by July, as the administration has invoked new trade act provisions in the wake of a Supreme Court setback.
Iran has offered a proposal to allow ships to exit the Oman side of the Strait of Hormuz free of attack, amidst ongoing tensions and warnings to the United States regarding blockades. This comes as the US and Israel affirm identical goals concerning Iran.
US Treasury Secretary Scott Bessent provided an update on "Trump accounts," stating that over 5 million individuals signed up via Form 4547 by the April 15 tax deadline, with a $1,000 child benefit as an initial offering.
According to Bessent, Chinese banks have received warnings regarding the potential risk of secondary sanctions.
Hungarian opposition figure Peter Magyar announced plans to suspend state television and radio broadcasts, promising to reform public media to ensure press freedom and truth for Hungarians. This pledge comes amidst political discussions involving figures like Donald Trump and Serbian President Vučić regarding Hungarian politics.
A statement from Bessent has labeled China an 'unreliable global partner,' specifically in the context of the ongoing conflict involving Iran.
US Treasury chief Bessent stated that US economic growth could exceed 3% or 3.5% this year, despite the ongoing conflict involving Iran.
The US Treasury Secretary stated that a 'small bit of economic pain' is a worthwhile cost to ensure long-term security and eliminate the threat of Iranian strikes on Western capitals.
A statement from Bessent indicates that a bank citizenship verification order is currently 'in process.' Further details regarding the order's scope and implementation were not immediately available.
Treasury Secretary Bessent has reportedly labeled crypto leaders as 'nihilists' as the deadline for the Clarity Act approaches. Her comments highlight ongoing tensions between regulators and the cryptocurrency industry.
A high-stakes meeting took place where key figures Bessent and Powell engaged in discussions regarding the risks associated with artificial intelligence. The specifics of their conversation and potential outcomes are central to the report.
Anthropic's latest AI model is reportedly so powerful that the company is hesitant to release it, prompting urgent meetings among US financial leaders, including the Treasury Secretary and Federal Reserve Chair, to address potential cyber risks.
The software managed to identify vulnerabilities that no one had found for decades in systems known for their security – An unprecedented risk of cyberattacks if it falls into the wrong hands The…
US Treasury Secretary Scott Bessent and Federal Reserve Chairman Jerome Powell held an emergency meeting this week with bank CEOs to warn them about...
A Reuters report indicates that Bessent is urging Congress to pass a bill aimed at regulating cryptocurrencies. This push highlights ongoing efforts to establish a legal framework for digital assets.
A report highlights a significant claim made by an individual named Bessent concerning Iran and its oil industry.
Christine Lagarde pasitelkė Didžiojo septyneto (G7) šalių grupės aukšto rango pareigūnų auditoriją išsakyti abejones dėl JAV iždo sekretoriaus Scotto Bessent optimizmo, esą karo su Iranu ekonominiai…
Bessent has stated that almost half of all U.S. tax filers are claiming new deductions introduced under the Republican tax law.
The US president has extended a deadline for Iran to open the Strait of Hormuz and paused energy strikes for 10 days, with Trump stating talks are 'going very well' as US Vice President J.D. Vance takes a forefront role in US efforts to broker Iran peace; analysis suggests Trump's 'mysterious peace negotiations' do not promise a quick end to the war, and experts explain his strategy of playing for time with new ultimatums and troop deployments.
The International Olympic Committee (IOC) has announced a new policy reinstating gender testing and effectively preventing transgender women from competing in women's Olympic events by limiting participation to 'biological females' ahead of the 2028 Los Angeles Games.
US Treasury Secretary Scott Bessent has defended the strategy of 'escalating to de-escalate' against Iran, stating that obliterating its power plants is the 'only language' the regime understands. Senator Ted Cruz reportedly urged Donald Trump to launch an Iran strike the day before the war.
US Treasury Secretary Scott Bessent says relaxing restrictions on Russian oil may bring limited additional revenue to Moscow due to lower global prices.
An expert criticized Donald Trump’s gloating reaction to Robert Mueller's death as a 'debasement of public life,' while Scott Bessent suggested people should have 'empathy' for Trump after the president celebrated Mueller's passing.
Russia is reportedly receiving less revenue from its oil sales, even after Washington temporarily allowed the sale of Russian oil and petroleum products already loaded onto ships.
US Treasury Secretary Scott Bessent stated that the US has "plenty" of funds for the Iran war but is seeking more from Congress, while dismissing questions about possible tax increases.
US Treasury Secretary Scott Bessent stated that the Trump administration is "winning this crucial fight at an even faster pace than anticipated" through "Operation Epic Fury," calling Iran the "head of the global terrorism snake."
Chinese FM responds US Treasury Secretary Bessent’s claims that US may lift sanctions on Iranian oil already at sea Global Times
The US is reportedly considering easing sanctions on Iranian oil to help stabilize global prices, with Treasury Secretary Scott Bessent stating that removing sanctions would lower prices. Oil prices have already begun to fall following Bessent's confirmation that the US may soon lift sanctions on Iranian crude stored aboard tankers.
US Treasury Secretary Scott Bessent, a minister in the Trump administration, commented on 'desertion at all levels' within Iran and suggested that an important Iranian island might become US property.
Former Trump administration official Scott Bessent confirmed that the United States could soon lift sanctions on Iranian oil currently held on tankers. The plan aims to leverage Iranian oil resources against Iran itself.
Today's top news includes reports that the U.S. may remove sanctions on Iranian oil stranded in tankers, as stated by Trade Secretary Bessent, and the confirmation of bird flu in Kerala’s Alappuzha.
Scott Bessent challenged CNBC’s framing of global oil shortages, arguing markets remain supplied despite disruptions tied to the Iran conflict.
Scott Bessent has reportedly defined market panic in a way that inadvertently points to the most significant issue facing artificial intelligence.
Bessent Plays Down Concern Over Any Trump China Trip Delay Bloomberg.com
A statement from Bessent confirms that the United States government has not intervened in the energy derivatives markets.
Billionaire Peter Thiel, a Trump ally, organized closed-door lectures in Rome discussing the Antichrist, an event that drew attention but was notably deserted by prominent right-wing figures.
The Aramco chief has warned of a 'catastrophic' impact on the oil market if the Strait of Hormuz remains closed, reiterating that Saudi Aramco could restore full production within days of its reopening.
Benjamin Netanyahu's address drew speculations about the video using AI with many claiming that the Israeli PM appeared to have six fingers in his hand.
US President Donald Trump has declared that he no longer wishes to discuss the possibility of winning the Nobel Peace Prize. He stated that he is not interested in the award.
US Treasury Secretary Scott Bessent firmly rejected the notion that a war with Iran could become economically unfeasible for the United States, stating "absolutely not" when asked about potential financial limits.
US says its firepower will ‘surge dramatically’ and IDF warns of ‘surprises ahead’, as Iran launches retaliatory strikes Middle East crisis – live updates Israel and the US have bombarded Iran and…
US Finance Minister Scott Bessent has expressed anger over criticism regarding alleged loopholes in the country's new maritime insurance program for shipping during the Iran war.
Congress general secretary in charge of communications, Jairam Ramesh, said U.S. Treasury Secretary Scott Bessent has given the Modi government its certificate for faithfully following President…
US Treasury Secretary Scott Bessent said the administration is exploring the possibility of easing sanctions on Russian oil to boost global supply and prevent shortages.
Kyseessä on lyhytaikainen toimi, jonka tarkoituksena on sallia öljyn virtaaminen markkinoille, sanoo Scott Bessent.
US-Finanzminister Scott Bessent erteilt eine 30-tägige Ausnahmegenehmigung, um sicherzustellen, dass weiterhin Öl auf den Weltmarkt gelangt.
Scott Bessent said the move aims to enable oil to keep flowing into the global market amid the war in West Asia that has disrupted oil supply
US Treasury Secretary Scott Bessent indicated that President Trump's plan to raise universal tariffs to 15% could be implemented this week, with authorities aiming to reinstate previous tariffs within five months.
According to Bessent, a 15% global tariff may be implemented this week, signaling a significant development in international trade policy.
US Treasury chief Scott Bessent stated that Donald Trump is expected to implement a new 15% global tariff this week, following a Supreme Court ruling that invalidated his previous country-specific tariffs.
Oil prices are falling for the first time since the attack on Iran.
The oil market has calmed after President Donald Trump said the U.S. would insure tankers and provide naval escorts if necessary.
The US president’s plan will hurt consumers, companies and the stock market, as well as relations with other countries After the US supreme court overturned Donald Trump’s global tariffs, he had two…
US Treasury Secretary Bessent says oil market well supplied amid Iran war Reuters
Treasury Secretary Bessent announced that the U.S. will make a series of announcements aimed at supporting oil trade in the Gulf region.
Senators Ask Treasury To Unilaterally Index Capital Gains, Bypassing Congress Senators Ted Cruz and Tim Scott are asking Treasury Secretary Scott Bessent to unilaterally implement a major capital gains tax cut -- by letting taxpayers adjust their cost basis to account for the effects of inflation. In a letter they intended to send on Tuesday, the pair will argue that it's within Bessent's authority to make such a move, without the need for legislation, “Using your executive auth...
Treasury Secretary Scott Bessent admitted that US sanctions contributed to a dollar shortage and inflation in Iran, leading to recent protests.
Treasury Secretary Bessent blames political "venom" after deadly security incident at Trump's Mar-a-Lago estate. Suspect shot, killed by authorities Sunday.
Donald Trump has made a serious allegation, claiming that the Supreme Court has been corrupted by foreign influence, without providing specific details.
The Supreme Court's decision to strike down some of Trump's tariffs is expected to benefit several retail stocks, including Home Depot, Nike, and Target.
The Trump administration's sanctions chief is reportedly poised to leave their position, following tensions with Bessent. This potential departure could signal shifts in the administration's approach to international sanctions.
Treasury Secretary Scott Bessent has stated that the Trump administration expects banks to comply with a directive to collect citizenship information from their customers.
The Federal Reserve's latest Beige Book report indicates that the US economy is growing at a slight to modest pace, but also highlights increasing price pressures and rising uncertainty among businesses. Concerns about inflation re-accelerating, partly due to the situation in Iran and surging fuel costs, were noted by Fed officials.
The US Treasury Secretary has announced that the waiver allowing India to purchase Russian oil will not be renewed, signaling a tightening of sanctions policy.
British Finance Minister Rachel Reeves was not backing away from her criticism of the Iran war as "folly," even as she prepared to meet Treasury Secretary Scott Bessent and other U.S.
OpenAI has unveiled its new GPT-5.4-Cyber model, following rival Anthropic's recent debut of its Mythos AI model, intensifying the competition in the artificial intelligence sector. Both companies are also navigating discussions around AI regulation and forming partnerships with trusted entities.
Bessent stated that China has been an unreliable partner by hoarding oil, noting its strategic petroleum reserve is comparable in size to that of the entire International Energy Agency.
A US Treasury official, Bessent, has accused China of being an "unreliable partner" by hoarding oil during the ongoing Middle East war. This accusation highlights tensions over global energy supplies and international cooperation.
Kevin Warsh, President Trump's nominee for Federal Reserve Chair, has disclosed assets exceeding $190 million ahead of his confirmation hearing. His financial holdings make him potentially one of the wealthiest Fed chair nominees in modern history.
Twice in a year, the United States has been humiliated by an adversary's ability to weaponize its control over one of the world economy's main arteries.
Kelton Minor fik et eftertragtet stipendium til klimaforskning på Columbia University. Så kom Donald Trump til, og brutale nedskæringer fulgte. Nu bor og arbejder den 36-årige amerikaner i København.
Senators Vance and Bessent questioned major tech companies regarding AI security concerns, specifically before the release of Anthropic's Mythos. Separately, Bessent and Fed Chair Jerome Powell also met with heads of top U.S. banks to discuss potential cyber threats posed by the AI.
Discussions were held with major U.S. banks regarding Anthropic's new Mythos AI model, which was rolled out to a select group of companies due to concerns that hackers could exploit its capabilities.
The US Treasury Secretary has convened a meeting with US bank CEOs to discuss the cyber risks posed by Anthropic's latest AI model, which has identified decades-old vulnerabilities, following an urgent warning from authorities.
During urgent talks in Washington D.C., US Treasury and Federal Reserve Chair officials cautioned Wall Street executives about the cybersecurity risks posed by new AI models. The meeting, known as the Bessent-Powell talks, focused on key takeaways regarding these emerging threats.
US lawmakers are reportedly questioning Bessent regarding liquefied natural gas (LNG) ships that are currently benefiting from tax credits.
A significant sell-off in US Treasury bonds is mounting, with an expert suggesting that Scott Bessent could help hold off 'bond vigilantes' amidst the market volatility.
Global markets continue to experience mixed reactions, with oil prices, including Brent crude, jumping higher amid growing fears of a wider Middle East conflict, while Asian equities fall and US stocks mostly advance, balancing market sentiment with jobs data, war uncertainty, and recession fears.
The US Treasury Department has formally demanded that the Financial Times retract a report concerning Treasury Secretary Scott Bessent's views on increased oversight of the Federal Reserve, labeling the article as 'manufactured'.
Bessent has denied a Financial Times report suggesting that the Federal Reserve might adopt an oversight model similar to that of the Bank of England. The denial addresses speculation regarding potential changes in the Fed's regulatory approach.
Bessent Says Insurance Program for Hormuz Ships to Start Soon Bloomberg.com
Former FBI Director Robert Mueller's passing prompted widespread criticism of President Trump's controversial comments, with figures like Rachel Maddow assessing his legacy and Fox News' Brit Hume blasting his remarks. Scott Bessent defended Trump, attributing his reaction to the 2022 Mar-a-Lago raid, while a brewery doubled down on an offer of free beer upon the President's death in response to Trump's post.
Donald Trump controversially stated he was glad about the death of former FBI chief Robert Mueller, a remark notably omitted from Fox News's coverage. Treasury Secretary Scott Bessent has since responded to Trump's post regarding Mueller's death.
US Treasury Secretary Scott Bessent has reiterated that the United States possesses 'plenty' of funds to finance a potential war with Iran, despite no formal funding request yet from the Trump administration, and promises Americans will not face tax hikes, with reports questioning if the conflict will end soon.
Treasury secretary Scott Bessent says move will bring 140m barrels to market but insists Tehran will not benefit
Desperation, thy name is Scott Bessent
US Treasury Secretary Scott Bessent stated that the US may soon remove sanctions on Iranian oil stranded on tankers, an action he believes will increase oil supply and lower prices, though long-term effects remain uncertain.
Despite Hegseth's claims, US General Dan Caine did note that Iran still maintained "some capability" of launching strikes across the Gulf during the briefing.
Bessent Flags Potential Oil Reserve Release, No Market Intervention Bloomberg.com
An article discusses how spiking oil prices do not necessarily reinstate Bessent as a hedge fund manager, exploring the dynamics of the current market.
Bessent has stated that the government is not currently intervening in the oil futures market.
Trump says summit with China’s Xi could be delayed, pending help on Strait of Hormuz Arab News
US Is Letting Iran Continue to Ship Its Oil, Bessent Tells CNBC Bloomberg.com
The Trump administration is reportedly set to receive a $10 billion fee from investors involved in the takeover of TikTok's US operations, an exceptionally rare payment for brokering such a deal.
A Treasury official, Bessent, stated that the Treasury Department is not intervening in oil commodities markets and lacks the authority to do so, addressing rumors of government intervention to lower oil prices.
A 15-year-old girl was killed and her parents severely injured in a Russian attack on a village near Chernihiv, Ukraine, which also damaged two residential buildings.
A planned bilateral meeting between Colombia and Venezuela was abruptly called off, with both nations citing 'force majeure'. This cancellation followed a phone conversation between Colombian President Gustavo Petro and US President Donald Trump, and also affected the Venezuelan leader's first foreign trip.
Things are getting so tense in the U.S.-Iran conflict, even Treasury Secretary Scott Bessent got yanked mid-interview to speak to President Trump!
Indian source says Iran to allow India-flagged tankers to pass through Strait of Hormuz Daily Mirror - Sri Lanka
U.S. Treasury Secretary said “absolutely not” when asked whether there was a price that could cause him to confront President Donald Trump and say the Iran war was no longer affordable
JPMorgan thinks the DFC cannot offer adequate insurance to all the vessels presently hoping to transit the Strait of Hormuz without a change in legislation from Congress. Bessent disagrees.
The United States has temporarily allowed India to purchase Russian oil already stranded at sea to ease short‑term global supply pressures amid the ongoing West Asia conflict. U.S.
US could lift sanctions on more Russian oil, says Bessent Reuters
Treasury Secretary Scott Bessent gives India a 30-day waiver to buy Russian crude as a "stop gap measure".
US Treasury Secretary Scott Bessent said the waiver is intended to ensure oil continues flowing into global markets amid the ongoing Iran war.
A lawmaker is urging Bessent to scrutinize US access for Chinese cars, raising concerns about potential economic and national security implications.
The United States is reportedly planning to raise its new global tariff from 10% to 15% this week, according to Bessent.
US Treasury Secretary Scott Bessent said that President Donald Trump’s plan to increase a broad 10 per cent tariff rate to 15 per cent is likely to be implemented this week. “That’s likely sometime this week,” Bessent said on Wednesday on CNBC in response to a question about when the increase to 15 per cent would be made. Bessent’s comments offer the clearest indication yet regarding when the US will follow through on Trump’s pledge to raise tariffs. The president last month imposed a 10 per...
Stock Futures Erase Gains as Bessent Signals Tariffs Coming Bloomberg.com
US Treasury Secretary Scott Bessent announced that President Donald Trump's recently proposed global 15% tariff will be implemented this week, also predicting an increase in US customs revenue.
Les droits de douane imposés aux produits entrant aux Etats-Unis devraient passer "à un moment cette semaine" à 15%, a annoncé mercredi le secrétaire américain au Trésor, Scott Bessent, lors d'une…
The Supreme Court ruled that President Donald Trump's global tariffs are not authorized under the IEEPA law, with a global 15% tariff set to begin this week and revert to prior rates within five months.
Treasury Secretary Scott Bessent admitted that Washington helped spark recent protests in Iran by creating a U.S. dollar shortage, leading to runaway inflation.
Treasury Secretary Bessent has provided a candid assessment of the current economic outlook, sharing a blunt forecast on the state of the economy.
Treasury Secretary Scott Bessent announced that approximately 3 million children have signed up for Trump accounts in an early push.
A Treasury official, Bessent, has voiced optimism regarding the current state and future outlook of the labor market.
Scott Bessent, a prominent economic figure, has highlighted the critical skills workers will need by 2026 and beyond, in response to significant economic transformations.