Scott Bessent
Trump said Iran will face a strong blow if the strait is not opened. Oil prices fell due to progress in negotiations.
Brent and WTI oil prices fell by more than 5% after the US Treasury Secretary's statement about a possible deal to open the Strait of Hormuz. Traders are reacting to the comments, although analysts are less optimistic.
The United States imposed sanctions against six individuals and companies from China, India, Russia, and Iran for supporting Mahan Air and the IRGC. The sanctioned individuals provided logistical and commercial assistance, and were also used for military operations.
The US has imposed sanctions against the Iranian crypto exchange Nobitex and its leadership. The platform is accused of assisting the IRGC and the government in bypassing restrictions.
The US has taken control of Iranian crypto wallets worth approximately one billion dollars. The asset owners may not have even noticed the loss of access to the funds.
The US restrictions targeted eight vessels and over 15 companies from Hong Kong and Dubai. The sanctions aim to cut off Iran's revenue used for military reconstruction.
Scott Bessent supported the idea of a $250 banknote with Trump's portrait for the US Semiquincentennial. The decision to change the law regarding living persons must be made by Congress.
Scott Bessent did not confirm the validity of the truce agreement with Iran. Trump demands the opening of the Strait of Hormuz and a halt to Tehran's nuclear program.
Oman has assured the US that it has no plans to introduce fees for passage through the Strait of Hormuz. This follows threats of sanctions from Trump and Bessent.
The Trump administration has acknowledged the exhaustion of economic pressure resources on Iran. Despite two thousand sanctions, Tehran continues to sell oil to China.
The US is in no hurry to extend the trade truce with China, which is in effect until November. Beijing is satisfactorily fulfilling the conditions regarding the supply of critical minerals.
The US Treasury Department has imposed sanctions on Amin Exchange and 19 oil tankers. The restrictions target a network of front companies in the UAE, China, and Hong Kong.
The US Treasury Department has issued a 30-day license to receive Russian oil stranded at sea. This will help stabilize the market and limit purchases by China.
The Trump administration did not extend the waiver for purchasing Russian oil amid the war with Iran. This decision was made despite the risks of rising fuel prices.
Trump called the talks with Xi Jinping positive and invited him to the US for September 24. The leaders discussed Taiwan, artificial intelligence, and Boeing orders.
Washington has introduced restrictions against 12 entities from Hong Kong, the UAE, and Oman. The sanctions target a shadow fleet that transported oil for Iran's needs.
Brent crude prices fell below $100 amid progress in negotiations between the US and Iran. The deal involves the opening of the Strait of Hormuz.
Scott Bessent urged Beijing to use diplomacy to unblock the Strait of Hormuz. The issue will be discussed by Trump and Xi Jinping at the summit in Beijing.
The US President plans to visit China on May 14-15 to stabilize economic relations. The parties will discuss sanctions and the situation in the Strait of Hormuz.
US Treasury Secretary Scott Bessent announced the final stage of sanctions against Iran. Due to the restrictions, Tehran has already begun to reduce oil production.
The US will punish the payment of fees to Iran for passage through the Strait of Hormuz. The ban applies to any payments, even under the guise of charity.
President Zelenskyy reported that the US is partially lifting sanctions against the RF due to the situation in the Middle East. This allows the Kremlin to finance the war.
The US has imposed sanctions on 35 individuals and companies for assisting Iran in circumventing restrictions. The shadow network financed missile procurement and oil sales.
The introduction of VAT on parcels is a condition for IMF funding worth 8. 1 billion dollars. The absence of this law will also block funds from the European Commission.
Scott Bessent warned of sanctions for companies servicing Iranian airlines. The restrictions apply to fuel supplies and technical support.
US Treasury Secretary Scott Bessent stated that they do not plan to extend the exemption for Russian seaborne oil and have completely ruled it out for Iranian oil. The statement comes against the backdrop of the US-Israel war against Iran and the closure of the Strait of Hormuz.
US partners in Asia and the Persian Gulf need dollar liquidity. The UAE may receive separate support to stabilize financial markets.
The US Treasury Secretary extended the sanctions exemption for Russian oil for 30 days. The decision was made after an appeal from the poorest countries at IMF meetings.
Scott Bessent announced the blocking of Iranian ports by the US Navy to stop the regime's revenues. All individuals and vessels facilitating trade will be sanctioned.
Yulia Svyrydenko discussed with the US Treasury Secretary the strengthening of sanctions and preventing their lifting. The parties also reviewed investment projects.