The language used Monday by Treasury Secretary Scott Bessent as he announced a new raft of sanctions against Iran was apocalyptic. The measures are part of the Trump administration’s plan to use economic pressure to force Iran to capitulate, to bring an end to the nearly six-month war and reopen the Strait of Hormuz. The…
Treasury Secretary Scott Bessent’s announcement Monday on Iran sanctions has raised questions over how they might be implemented. Meanwhile, Canada is set to announce retaliatory tariffs against the U.S. Weijia Jiang has the latest. Source link
Washington — Treasury Secretary Scott Bessent is holding a press conference Monday at the Treasury Department as the Trump administration announces the details of what it’s calling “economic D-Day” for Iran. Bessent is expected to broaden the administration’s current sanctions regime with the threat of stronger secondary sanctions on entities and countries that transact with…
1m ago Iran-Oman talks on Strait of Hormuz to continue Tuesday Oman and Iran are set to continue their talks on the future management of the Strait of Hormuz on Tuesday, Tehran’s foreign ministry spokesperson Esmail Baghaei said Monday. The spokesperson said Oman’s foreign minister will travel to Tehran to meet with Iranian officials….
On this “Face the Nation with Margaret Brennan” broadcast, moderated by Margaret Brennan: Neel Kashkari, Minneapolis Fed president and CEO Dr. Mehmet Oz, Centers for Medicare & Medicaid Services administrator Dr. Scott Gottlieb, former FDA commissioner Rep. Byron Donalds, Republican of Florida and candidate for governor Rep. Seth Moulton, Democrat of Massachusetts and…
The following is the transcript of an interview with Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis that aired on “Face the Nation with Margaret Brennan” on Aug. 23, 2026. MARGARET BRENNAN: For more on what’s next for the American economy, we’re joined by Neel Kashkari, President and CEO of the…
President Trump threatened this week to wield an “unprecedented” level of economic warfare against Iran, and Treasury Secretary Scott Bessent vowed to “collapse” the Islamic Republic regime with the “toughest sanctions in history.” But the effectiveness of a bolstered economic campaign against Iran may rest largely on one close U.S. ally in the Persian Gulf,…
Iran has finalized a preferential trade agreement with Oman, according to the Islamic Republic’s official Trade Promotion Organization. The agreement, which Oman has not yet confirmed, still requires approval by Iran’s parliament and other authorities. The announcement, relayed by Iranian state media, came two days after President Trump heralded a shift in U.S. tactics in…
Washington — The U.S. on Thursday imposed fresh sanctions on 15 individuals and entities based in Ecuador, along with 10 vessels, for their roles in an alleged maritime cocaine trafficking operation. According to the Treasury Department, the network — tied to Ecuadorian groups Los Choneros and Los Lobos, both designated by the U.S. as foreign…
A bond sell-off driven by investor fears over inflation and rising government debt has rattled markets and threatened to raise borrowing costs for everyday Americans looking to purchase a home or car. The yield on the 30-year Treasury reached 5.3% earlier this week, its highest level since 2007, while the 10-year Treasury yield, which influences…
