Scott Bessent

The pressure exerted by the USA on its allies to join the fight against Iran is beginning to have an effect. The European Union has officially joined the sanctions, and South Korea is considering military support to reopen the Strait of Hormuz.

US Treasury Secretary Scott Bessent warns that the collapse of the Japanese currency threatens global markets. In an official letter, he reveals why Washington was forced to intervene in a rare move.

Washington joins the UK in imposing strict sanctions on the pro-Palestinian organization that led massive protests against Israel and carried out violent acts, including storming Elbit factories and vandalizing British Air Force aircraft. Anyone doing business with them now risks sanctions. The US Treasury Secretary stated: "We will cut off their financial oxygen supply."

The US Treasury Department is considering using its General Account (TGA), which holds approximately $950 billion, to help fund its plan to increase government bond buybacks.

US Treasury Secretary Scott Bessent published a special column in the Financial Times tonight, in which he announced the launch of an unprecedented economic campaign against the regime in Tehran. Bessent sent a sharp warning to countries and financial institutions that turn a blind eye and allow the flow of funds to Iran. The message from the Trump administration is clear: severing ties will lead...

The yield on 30-year US government bonds has reached a two-decade high. Treasury Secretary Scott Bessent has initiated a bond buyback program to stabilize the market, while investor Ray Dalio warns that structural reforms are essential to avoid a crisis.

US Treasury Secretary Scott Bessent is attempting to stabilize the $32 trillion US Treasury bond market. Investors are concerned about rising government spending and inflation amid the war in Iran.

US Treasury Secretary Scott Bessent addressed on Thursday the economic isolation announced by President Donald Trump, sending a sharp message to the regime in Tehran. In response to statements by the Iranian Parliament Speaker Ghalibaf, Bessent said with disdain: "I wouldn't buy a rug from this guy," directly accusing him of stealing from the Iranian people.

A federal court sentenced 26-year-old Riley English to six years and one month in prison for attempting to attack US Treasury Secretary Scott Bessent. In January 2025, she arrived at the Capitol with a knife and improvised incendiary devices before surrendering to police.

The US Treasury Secretary announced that the United States plans to take economic steps against Iran next week that are unprecedented in history. These measures will combine total economic isolation with a continued blockade of the Strait of Hormuz to prevent any traffic in or out of Iranian ports.

President Trump was secretly extracted from Turkey in a deception operation involving senior administration officials. While some officials and advisors remained on the plane from which Trump was evacuated, others flew to the UK with the president on a military aircraft. Journalists on board the decoy plane were unaware of the operation.

The shekel continues to strengthen against major currencies amid calm in global markets. Investors are awaiting updates on US-Iran talks regarding the opening of the Strait of Hormuz.

US Treasury Secretary Scott Bessent said in an interview with CNBC that President Donald Trump's threat of military action is what brought about the breakthrough in the talks.

The Chinese Ministry of Commerce has warned of retaliation if the USA imposes sanctions on Chinese AI firms. This follows White House accusations that Moonshot AI stole intellectual property.