Washington — Treasury Secretary Scott Bessent has relocated from his home in the Washington, D.C., area to a military base following a series of Iranian threats against his life. “The secretary will not be deterred by the Iranian regime’s threats and remains committed to executing Operation Economic Outcast and maintaining the blockade, which together are…
U.S. Treasury Secretary Scott Bessent warned Ukrainian President Volodymyr Zelenskyy on Sunday to “be careful” in public statements about U.S. support for Ukraine. U.S.-provided Starlink internet was recently restricted in Ukraine, hindering the war-torn country’s ability to respond to Russian assaults. Ukraine uses Starshield, the military and government-controlled version of the commercial Starlink, to conduct…
HONG KONG — The United States has proposed a new AI safety notification mechanism for President Donald Trump and Chinese leader Xi Jinping to consider at their summit in Washington this week, Treasury Secretary Scott Bessent said Sunday, amid global concern over whether the world’s two leading AI powers can work together to contain the…
FILE PHOTO: U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng shake hands during trade talks at OECD (Organisation for Economic Co-operation and Development) headquarters in Paris, France, March 16, 2026. The U.s. Treasury | Via Reuters Treasury Secretary Scott Bessent is meeting with Chinese Vice Premier He Lifeng ahead of Chinese President…
Treasury Secretary Scott Bessent and Russian Finance Minister Anton Siluanov at the G20 Finance Ministers Meeting in Asheville, N.C. on Aug. 31, 2026. Courtesy: U.S. Treasury Department U.S. Treasury Secretary Scott Bessent told Russian Finance Minister Anton Siluanov that no sanctions relief or new agreements with Moscow were possible, as long as the war in…
The US announced a host of sanctions against Iran and threatened its supporters in what Treasury Secretary Scott Bessent said was “the single greatest financial offensive ever”. Labelling it an “economic D-Day” for Iran, Bessent said the US would sever all economic ties with the country and added that any nation financially partnering with Iran…
Washington — Treasury Secretary Scott Bessent is holding a press conference Monday at the Treasury Department announcing Operation Economic Outcast, the Trump administration’s ramped up push to use economic tools to reopen the Strait of Hormuz and end the war with Iran. “Today, at President Trump’s direction, the United States Treasury has begun Operation Economic…
The U.S. and Iran could reach a deal on Tuesday or Wednesday to reopen the Strait of Hormuz with freedom of movement for commercial ships, Treasury Secretary Scott Bessent said in an interview. “We are in talks with the Iranians,” Bessent told CNBC’s “Squawk Box.” “There is a chance we may have a deal today…
Oil prices held steady Wednesday, after Treasury Secretary Scott Bessent said the Trump administration will provide support to oil tankers transiting the Persian Gulf and announce more measures in the coming days. U.S. crude oil rose 12 cents, or 0.16%, to $74.68 per barrel by 9:46 a.m. ET. Global benchmark Brent was up 37 cents,…
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