Scott Bessent
Scott Bessent will not travel to the IMF and World Bank meetings in Bangkok due to domestic affairs. The U.S. delegation will be led by his deputies.
U. S. representatives will discuss new proposals regarding the war with Ukraine and Europe in Miami. Later, they may meet with Putin in Moscow.
The G7 will immediately release up to 100 million barrels of oil and diesel over four months. Trump said that the United States would not restrict exports.
Washington blocked the assets of the A7 system, through which Russia conducted international payments. The network claimed a total transaction volume of more than $90 billion.
Trump personally welcomed Xi in Washington with a ceremony that was compared to Putin's reception in Alaska. The US and China extended their trade truce until January.
Baghdad will suspend flights by sanctioned Iranian airlines from Tuesday. The US is threatening countries that violate the restrictions with being cut off from the dollar system.
In New York, the US and China are discussing trade, investment, AI, and Iran. The talks are intended to preserve the fragile trade truce.
The U. S. Treasury Secretary expects oil prices to fall to $40–50 per barrel after the end of the war with Iran due to an oversupply.
Washington plans to cut off Iran's external ties and strengthen sanctions against Tehran and its allies, including Russia. Bessent called on countries not to support the regime.
On the sidelines of the G20, Scott Bessent urged Anton Siluanov to end the war. European officials refused to be photographed with the Russian delegation.
U. S. Treasury Secretary Scott Bessent met with Anton Siluanov in Asheville. They discussed Donald Trump's peace plan.
Washington officially removed Syria from the list of state sponsors of terrorism. The decision is expected to pave the way for investment and economic recovery.
The new U. S. sanctions cover digital assets, technology, gold, aviation, and shipping. Washington seeks to completely cut off Iran’s economic resources.
The U. S. will target organizations that help Iran launder money or circumvent sanctions. Bessent announced sanctions against a financial institution.
Abbas Araghchi said that new US sanctions would not break Iran. He called on Washington to engage in respectful dialogue and reach a fair solution.
Tehran warned neighboring countries of strikes for participating in the US economic war. Traffic through the Strait of Hormuz has nearly stopped.
U. S. Treasury Secretary Scott Bessent announced the toughest sanctions against Iran and called on China to join the pressure. Beijing purchases more than 80% of Iran’s oil.
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.