#Scott Bessent
48 articles with this tag
EconomyUS Expands Sanctions to Target Iran's Automotive Giants and Railway Operators
The US Treasury has imposed sanctions on Iran's leading car manufacturers and railway operators, shifting its economic pressure campaign from maritime shipping to land-based transport networks.
EconomyTrump Administration Considers Asking European Nations to Release Diesel Reserves to Combat Surging Prices
President Donald Trump stated that the US may ask European nations to release diesel reserves to help lower soaring diesel prices resulting from the war on Iran. The proposal follows record-breaking fuel prices in both the US and Europe.
EconomyUS Imposes Fresh Sanctions on Russian FinTech Firm A7 Over Alleged Iran Evasion Network
The US Treasury Department has imposed new sanctions on the Russian financial company A7, accusing the firm of helping Iran evade international penalties through a complex network of third-party companies.
EconomyUAE Grounds All Iranian Flights Following Strict New US Sanctions and Regulatory Crackdown
The UAE has suspended all flights by Iranian airlines following US sanctions threats and a Central Bank ban on Bank Melli Iran over compliance failures.
EconomyIran Threatens Retaliation Against Neighbors Over US Aviation Sanctions, Sparking Regional Travel Chaos
Iran has threatened neighboring nations with retaliation if they enforce new US sanctions halting Iranian international flights, raising fears of deeper disruptions across a war-fatigued region.
EconomyIran Suspends Flights to Baghdad and Muscat Ahead of Impending US Aviation Sanctions
Iran cancels flights to Baghdad and Muscat ahead of new US aviation sanctions that threaten global service providers with financial penalties.
EconomyUS Threatens Global Grounding of Iranian Airlines with Secondary Sanctions Starting Wednesday
United States Treasury Secretary Scott Bessent announced that all Iranian airlines face a global grounding by Wednesday due to impending US secondary sanctions on foreign service providers.
EconomyUS Treasury Threatens Secondary Sanctions to Ground Iranian Aviation Globally
US Treasury Secretary Scott Bessent has warned of secondary sanctions against global air providers dealing with Iranian airlines, threatening to cut off non-compliant companies from the US dollar system.
TechnologyTrump and Xi Set to Discuss Proposed US-China AI Hotline Amid Escalating Tech Rivalry
US President Donald Trump and Chinese President Xi Jinping are set to discuss a proposed AI notification hotline during their upcoming summit. The mechanism aims to provide critical security guardrails amid an intensifying technology race between the United States and China.
EconomyUS and China Launch High-Level Economic Talks Ahead of Trump-Xi Summit
US and Chinese economic officials have launched high-level negotiations in New York City to address trade, artificial intelligence, and critical minerals ahead of an upcoming presidential summit.
EconomySurging US Treasury Yields Eclipse AI as Top Market Risk for Investors
Surging US Treasury yields have surpassed artificial intelligence as the primary risk for investors, pushing borrowing costs to their highest levels in nearly two decades and triggering broader market anxiety.
EconomyUS Treasury Secretary Scott Bessent to Discuss Iran Financial Ties with China Ahead of Trump-Xi Summit
US Treasury Secretary Scott Bessent is scheduled to discuss Beijing's financial ties to Iran with Chinese Vice Premier He Lifeng ahead of the upcoming Trump-Xi summit.
EconomyUS Targets Russia's VTB Bank in Latest Escalation of Economic Sanctions Against Iran
The US has imposed new sanctions on Russia's VTB Bank for allegedly helping Iran evade economic restrictions as part of an ongoing pressure campaign.
EconomyUS Treasury Triples Bond Buy-Back Programme to $6 Billion to Calm Markets
The US Treasury Department has tripled its bond buy-back programme to $6 billion in an effort to contain rising borrowing costs amid mounting pressure in the bond and oil markets.
EconomyUS Energy Secretary Defends Strait of Hormuz Oil Traffic Claims Amid Skepticism
US Energy Secretary Chris Wright defended administration claims regarding oil traffic through the Strait of Hormuz, maintaining that millions of barrels continue to pass despite conflicting shipping data.
EconomyUS Imposes Sanctions on Turkish Bank Over Alleged Iran Ties, Sparking Vow of Legal Action
The US Treasury Department has placed sanctions on Golden Global Bank and its subsidiaries over alleged financial ties to Iran. In response, the Turkish bank announced it will pursue legal action.
EconomyUS Targets Turkish Bank Over Alleged Financial Ties to Iran’s IRGC
The US Treasury Department has sanctioned Golden Global Yatirim Bankasi Anonim Sirketi for allegedly facilitating millions of dollars in transactions for Iran's IRGC.
EconomyFinancial Squeeze: Can Hezbollah Endure Without Iranian Funding Amid Regional Upheaval?
As the US imposes strict new sanctions on Iran, experts examine whether Hezbollah can survive the loss of its $700 million annual funding and what it means for Lebanon.
EconomyUS Mint Releases Controversial $1 Coin Featuring President Donald Trump's Likeness for 250th Anniversary
The US Mint has begun circulating a new $1 coin featuring President Donald Trump for the nation's 250th anniversary, marking the first time in nearly a century that a living person is featured on US currency.
PoliticsUS President Donald Trump Suggests Renaming Strait of Hormuz to 'Trump Strait'
US President Donald Trump has proposed renaming the Strait of Hormuz to 'Trump Strait' after claiming the waterway is under US control, sparking debate over geographical name changes.
EconomyG20 Asheville Meeting Ends Without Consensus as US and China Clash, Signaling Risks for the Gulf
The G20 finance ministers' meeting in Asheville concluded without a joint communique due to opposition from China, carrying significant strategic and financial implications for the Gulf region.
EconomyUS Pressures G20 to Address Trade Imbalances and Counter Chinese Imports
US Treasury Secretary Scott Bessent urged G20 finance chiefs in Asheville to protect domestic markets from an influx of Chinese goods and address global trade imbalances.
EconomyUS Treasury Secretary Scott Bessent Dismisses Bond Market Sell-Off, Citing Strong Economic Growth
US Treasury Secretary Scott Bessent downplayed recent bond-market sell-offs during the G20 gathering, attributing market movements to a positive growth story despite mounting debt concerns and global yield increases.
EconomyUS Treasury Chief Scott Bessent Predicts Strait of Hormuz Will Be 'Worthless' as New Pipelines Bypass Choke Point
US Treasury Secretary Scott Bessent stated that the Strait of Hormuz will become obsolete for oil transport within two years as new pipelines are developed, while the US prepares further economic sanctions against Iran.