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The Latest Breaking News from Scott Bessent

Iran-US war latest: Trump vows to ‘hit Iran hard’ after two sides exchange fresh strikes

Trump vowed retaliation for Iranian strikes on US military bases in Jordan

The Independent UK · Aug 31

Scott Bessent urges G20 to push China to curb exports, boost domestic demand

US Treasury Secretary Scott Bessent will urge G20 members to re-examine trade terms with China. He aims to shrink global imbalances and press Beijing to rebalance its economy. The current flood of exports from China is deemed unsustainable by the US official. Bessent believes other countries must incentivize China to…

The Economic Times · Aug 31

US plans to sanction another bank in effort to clamp down on Iran transactions: Scott Bessent

US Treasury Secretary Scott Bessent said the Trump administration will impose sanctions on another bank this week as Washington intensifies efforts to economically isolate Iran. His warning came ahead of G20 meetings where he plans to seek cooperation, including from China, Iran’s biggest trading partner and oil buyer, on sanctions.

The Economic Times · Aug 31

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Middle East live: Iran says continuing war ‘not in our interest’ after fighting flares

Iranian President Masoud Pezeshkian said Monday that continuing the war with the United States was not in his country's interest, following a fresh military flare-up between the two countries after a month-long lull. Follow our live blog for the latest updates.

France 24 · Aug 30

US Treasury bars certain journalists from G20 meeting in North Carolina

The US Treasury Department denied credentials to reporters from The New York Times, The Wall Street Journal and Bloomberg for a G20 finance meeting in North Carolina, the latest restriction on media access under US President Donald Trump. Treasury Secretary Scott Bessent said the decision was unrelated to journalists’ viewpoints.

France 24 · Aug 30

US plans to sanction another bank in effort to clamp down on Iran transactions, Bessent tells AP

Treasury Secretary Scott Bessent says the Trump administration plans to impose sanctions on another bank this week in effort to clamp down on Iran transactions

The Independent UK · Aug 30

US Treasury's Bessent faces G20 diplomacy test amid tariffs, Iran war, bond turmoil

US Treasury Secretary Scott Bessent will push G20 economies to reduce trade imbalances, boost growth and cut ties with Iran at meetings in North Carolina. The talks come amid tariff tensions, high energy prices and growing concerns over US debt, which recently crossed $40 trillion.

The Economic Times · Aug 30

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Trump’s ‘economic D-day’ against Iran risks driving the stakes even higher

As with its approach to Hormuz, the US has mistaken applying pressure for an actual strategy. But Tehran has chips of its own to play, says Sina Toossi of the Center for International Policy

The Guardian - UK · Aug 30

New U.S. sanctions will hit ordinary Iranians hard. That may be the whole point as the crashing economy stirs fresh protests

"Digital assets and gold are how ordinary Iranians protect their savings from inflation."

Fortune · Aug 29

‘Inept, incompetent, craven’: Scott Bessent struggles to clean up the president’s mess

There’s little optimism about treasury secretary’s ability to handle Trump’s tariffs, Iran sanctions and colossal US debt

The Guardian - US · Aug 29

Iran's president Masoud Pezeshkian admits sanctions impacting economy

Iran's President Masoud Pezeshkian acknowledged sanctions impact the nation's economy. He stated that Iran is in a war situation and must accept wartime conditions. US Treasury Secretary Scott Bessent outlined plans for Iran's economic asphyxiation. Pezeshkian mentioned a significant fall in Iran's exports and imports. He suggested increasing the price…

The Economic Times · Aug 29

US targets Egyptian bank's UAE branches under new push for Iran's economic isolation

The Trump administration is limiting an Egyptian bank's operations in the United Arab Emirates and accusing the financial institution of supporting Iran's leadership

The Independent UK · Aug 28

Iranian Oil Exports Plunged Over 80% In August As U.S. Blockade Persists, Data Shows

Tehran loaded some 260,000 barrels per day so far this month, compared to 1.7 million in the same month of last year.

International Business Times · Aug 28

Iran Says Returning To Diplomacy With The U.S. 'Isn't Impossible.' Trump Says He's Not Interested.

"We ‌don't want to speak to them. We're not looking to meet or anything," Trump said.

International Business Times · Aug 28

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International Business Times UK · Aug 28

Elon Musk Reportedly Gave a Tequila-Fuelled White House Goodbye That Nobody Recognised in the Beginning

An upcoming memoir claims Elon Musk marked his unrecognised goodbye to Trump's White House with a Tesla tequila toast before a bitter public breakup and quiet truce.

The Economic Times · Aug 28

Japan's finance minister, BOJ chief to attend G20 gathering next week

Japan's finance minister and central bank governor will attend the upcoming G20 meeting. Policymakers will discuss the global economic fallout and the persistently weak yen. Financial markets are watching for potential meetings with U.S. Treasury Secretary Scott Bessent. The yen has shown some recovery after joint intervention but remains under…

The Economic Times · Aug 28

Has the S&P 500 really doubled since 2023? Chris Wood says it is down 21% in gold terms

Jefferies’ Christopher Wood highlights a sharp divergence in market returns: while the S&P 500 has doubled in dollar terms since early 2023, it has fallen 21% relative to gold. He warns that efforts to suppress US bond yields could weaken the dollar, boosting alternative assets such as gold and Bitcoin.

The Economic Times · Aug 28

20 economies, 2 days and Trump’s G20 agenda — including Iran ties

The US Treasury plans to address global trade imbalances and boost economic growth. Secretary Bessent will urge major economies to cut remaining ties with Iran. He will also discuss sovereign debt and US borrowing costs with counterparts. Washington seeks international compliance with its Iran sanctions campaign. This meeting aims to…

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The Economic Times · Aug 28

China's help critical, but unlikely, for US to choke off Iran

The United States seeks to economically isolate Iran through expanded sanctions. China's continued trade with Tehran complicates these US efforts significantly. Beijing defends its legitimate cooperation and vows to protect its economic interests. The US has targeted some Chinese entities but avoided major financial institutions. China has little incentive to…

The Independent UK · Aug 27

Iran scrambles to sustain trade as US threatens to sanction countries that refuse to break ties

Iran's economy is poised for more instability as the Trump administration tries to coerce other countries into ending all financial dealings with the Islamic Republic

International Business Times UK · Aug 27

White House Backchannel Exposed After CIA Chief Sneaks Into Moscow To Deliver Ultimatum on NATO and Iran

CIA Director John Ratcliffe's secretive Moscow visit aimed to warn Russia against NATO aggression, amid rising tensions and conflicting accounts from Washington and Moscow.

International Business Times · Aug 27

Warsh Has Kept Wall Street in the Dark About The Roadmap To Tackle Inflation. Jackson Hole Could Reveal It.

Investors are unsure whether Warsh will follow the tradition of informing investors on future monetary policy at his Jackson Hole debut.

The Economic Times · Aug 27

After six months, the Iran war has reached its endgame, a costly stalemate

The Iran war has reached a costly stalemate after six months of conflict. The Iranian government faces economic siege but believes it has time on its side. Tehran is betting that China and India will not fully comply with US sanctions. Washington's latest measures shift the battlefield to Iran's oil…

The Economic Times · Aug 27

US Stock Market: Bessent-Warsh divide deepens over US interest rates and Treasury market strategy

Treasury Secretary Scott Bessent and Fed Chair Kevin Warsh are taking different approaches to US interest rates and the Treasury market. While Bessent is pushing greater use of debt-management tools to support longer-term bonds, Warsh favours conventional rate policy and less intervention, as fiscal deficits continue to pressure Treasury yields.

The Independent UK · Aug 26

Trump administration designates Palestine Action a terrorist group

The US government has confirmed it has ‘taken action’ against the UK-based group

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