23 stories found
US sanctions against Iran's oil industry have intensified tensions, particularly concerning the Strait of Hormuz, a critical shipping lane. Iran has responded with proposals for safe passage and threats against US vessels if control of the strait is challenged.
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…
US Treasury Secretary Scott Bessent says relaxing restrictions on Russian oil may bring limited additional revenue to Moscow due to lower global prices.
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, 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.
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.
US Treasury Secretary Scott Bessent said the waiver is intended to ensure oil continues flowing into global markets amid the ongoing Iran war.
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...
Multiple supertankers reportedly entered the Persian Gulf, challenging US sanctions and claims of a blockade on Iranian ports. This development comes as an advisor to Iran's Supreme Leader threatened to sink US naval vessels in the region.
US Treasury Secretary Scott Bessent and Federal Reserve Chairman Jerome Powell held an emergency meeting this week with bank CEOs to warn them about...
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.
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."
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…
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 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 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.
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.
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 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.
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.
Trump may need to delay the trip to China due to coordinating the war effort in Iran, says US Treasury Secretary Scott Bessent.
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.
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.