Tag: Bessent, Scott
Bessent Blames Ukraine for High Energy Prices
After meeting with Russia’s finance minister, the Treasury secretary said Ukraine’s attacks on Russian oil infrastructure were contributing to a global energy shock.
U.A.E. To Review Banque Misr, Targeted by Iran Sanctions
The Treasury Department accused Banque Misr’s branches in the United Arab Emirates of helping Iran. The Emirati central bank promised an examination.
What to Know About Bank Melli, Singled Out in U.S. Call for Economic War
Bank Melli, Iran’s largest lender, already faces waves of sanctions that severely limit its ability to operate abroad. Every foreign branch must be shut down, Treasury Secretary Scott Bessent said.
China Pushes Back After Trump Tightens the Screws on Iran
The Trump administration risks a clash with Beijing as it tries to cut off Iran’s economic lifelines without upending a fragile U.S.-China truce.
U.S. Campaign on Iran’s Economy May Still Risk Regional Military Escalation
Experts warn that a campaign aimed at avoiding military escalation could instead provoke it, as Iranian leaders vow retaliation across the oil-rich Gulf.
An ‘Economic D-Day’ That Must Overcome a Troubled History
The U.S. has spent 20 years promising ‘crippling sanctions’ on Iran. But the latest effort comes with a reverse twist, after military action failed to accomplish President Trump’s goals.
Iran Pledges to Defy Trump’s Economic Sanctions
Analysts say Tehran could intensify the dispute militarily after attempts to squeeze its economy. An Iranian official vowed “not a single drop of oil” would leave the Gulf.
Why China Thinks It Can Resist Trump’s Economic Threats on Iran
Beijing can squeeze U.S. critical mineral supplies and has enough oil to withstand the loss of Iranian crude, Chinese analysts say.
The Message Behind Trump’s Threats of ‘Economic Warfare’ Against Iran
President Trump’s threats of an “economic D-Day” carry a clear signal to Iran that he does not want to go back to war.