Scott Bessent
US Treasury threatens Iran with unprecedented economic isolation and port blockade
The US Treasury has threatened Iran with a comprehensive port blockade and severe economic isolation following the rejection of a seven-day diplomatic roadmap for the Strait of Hormuz.
Trump's state dinner for Xi to feature sea bass and a long list of tech titans
President Donald Trump welcomed China's leader Xi Jinping to Washington for a multi-day visit, highlighted by a star-studded state dinner in the White House East Room.
US Treasury yields surge to fresh two-decade highs as oil prices hit $105 per barrel
Global financial markets reeled as US Treasury yields surged to multi-decade highs and crude oil prices climbed past $105 per barrel amid Middle East conflict.
Trump greets Xi on tarmac, extends trade truce until January
President Donald Trump broke protocol to greet Chinese President Xi Jinping at Joint Base Andrews, as Treasury Secretary Scott Bessent announced a trade truce extension.
Iran airlines cancel international flights as US sanctions take effect
Major Iranian carriers suspended international routes as new US sanctions took effect, threatening secondary penalties against foreign aviation providers.
Trump Backs Diesel Export Ban as Prices Hit Record Highs
President Donald Trump has backed a potential ban on diesel fuel exports as national retail prices surge to a record $6.53 per gallon.
China and the US are competing for AI dominance but have shared concerns over safety
As the US and China compete fiercely for technological supremacy, officials are negotiating new frameworks to mitigate shared risks and avert catastrophe.
Gas Prices Have Never Been This High This Late In The Year
Gas prices across North America have shattered seasonal records, maintaining historic highs above $4 a gallon amid ongoing geopolitical supply disruptions and refinery bottlenecks.
Scott Bessent dares traders to bet against him on the yen
Treasury Secretary Scott Bessent has challenged currency traders to bet against him, asserting he holds asymmetric information on Bank of Japan policy.
Bond yields surge as Iran conflict pushes oil above 100 dollars a barrel
Global financial markets face severe pressure as conflict involving Iran pushes crude oil past $100 a barrel, triggering a steep bond market selloff and rising yields.
Treasury Secretary Scott Bessent risks economic stability with short-term debt gamble
Treasury Secretary Scott Bessent's aggressive short-term debt interventions to lower borrowing costs have sparked intense backlash from Wall Street as the 30-year yield climbs above 5.3%.
US imposes strict new sanctions on Iran to pressure energy flows
The United States unveiled a package of secondary economic restrictions targeting Iran's energy flows amid an ongoing conflict in the Strait of Hormuz.
US unveils 'economic D-Day' of sanctions to isolate Iran
The Treasury Department announced a sweeping expansion of secondary sanctions aimed at severing every economic lifeline sustaining Tehran amid the ongoing war.
US unveils 'economic D-Day' of sanctions to isolate Iran
Treasury Secretary Scott Bessent announced an expansion of secondary sanctions to isolate Iran financially, targeting nearly 60 entities and vessels.
Scott Bessent's Treasury bond intervention fails as yields stay high
Despite doubling its monthly bond buybacks to $4 billion, the U.S. Treasury failed to curb long-term yields as 30-year rates returned to 5.28%.
US threatens Iran with 'economic D-Day' as markets await sanctions announcement
Washington is preparing a sweeping set of secondary sanctions dubbed an economic D-Day against Iran, targeting oil buyers, shipping firms, and financial channels.
Iran threatens Gulf oil blockade as US launches economic D-Day
Iran has threatened to block all oil exports from the Persian Gulf in response to a sweeping new US economic offensive aimed at isolating Tehran.
Oil Prices Slide 2% as Markets Brace for Bessent's Economic D-Day
Global crude benchmarks pulled back significantly as traders locked in profits ahead of U.S. Treasury Secretary Scott Bessent's impending policy announcements.
Iran President Pezeshkian admits country faces many problems amid US sanctions
Iranian President Masoud Pezeshkian has acknowledged severe domestic struggles as Washington prepares a fresh wave of economic measures against Tehran.
Iranian president says time to end war with US from position of strength
Iranian President Masoud Pezeshkian has called for an end to the conflict with the United States, arguing that Tehran operates from a position of strength.