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The Latest Breaking News from Scott Bessent

Yen finds footing after intervention, dollar near 6-week low on Mideast hopes

Currency markets took a breather as the Japanese yen gained traction, influenced by recent intervention measures. Meanwhile, the U.S. dollar index lingered near its six-week lows, buoyed by positive developments in the Middle East. Falling oil prices alleviated concerns about potential supply disruptions, leading traders to adjust risk premiums and…

The Economic Times · Aug 5

US Iran war: Qatar says mediators make progress; Indian ship sinks in the Middle East

Mediators report progress in efforts to end the US-Iran war, which has driven oil prices lower. Qatar's Emir discussed de-escalation efforts with President Trump, stressing the importance of dialogue. Senior US officials expressed optimism about reopening the Strait of Hormuz shipping lanes soon. However, shipping risks remain as a vessel…

The Economic Times · Aug 5

'Hormuz deal with Iran today' Oil slips below $80 on truce hope

Oil prices experienced a significant decline on Tuesday, falling over five percent. Hopes for a diplomatic resolution to the West Asia conflict emerged. This potential resolution could improve oil flows through the Strait of Hormuz. Talks are underway with Iran to reopen the vital shipping lane. Regional officials also discussed…

The Economic Times · Aug 4

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Scott Bessent is using moves from his hedge fund days to prop up Japan's yen—and America's $40 trillion national debt

The man who once shorted currencies is now propping them up. “He takes risks that other Treasury Secretaries over the past two generations wouldn't.”

Fortune · Aug 4

Bessent's Yen gamble is a warning sign — buckle up

Fasten your seat belts: Treasury Secretary Scott Bessent has become a Big Player in the yen market. Increased volatility is right around the corner.

Fortune · Aug 4

Iran, Oman near Hormuz reopening deal as talks advance

Iran and Oman are making progress on a deal to reopen the Strait of Hormuz. This potential agreement involves shared control and service fees for maritime passage. US officials confirm talks are ongoing but not yet finalized. President Trump stated this is Iran's last chance to avoid escalation. A cargo…

The Economic Times · Aug 4

Miners prosper while oil drops on new Middle East peace hopes

The FTSE 100 index closed up 21.68 points, or 0.2%, at 10,879.38.

Evening Standard · Aug 4

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Stocks Keep Climbing On Hopes Of Iran Deal And Strong Corporate Results. The S&P 500 Reaches a New Record

The S&P reached a new record high on Tuesday on hopes of a deal to reopen the Strait of Hormuz and renewed appetite for tech stocks.

International Business Times · Aug 4

Scott Bessent Signals Imminent US-Iran Deal to Reopen Strait of Hormuz, Sending Oil Lower: 'We May Have a Deal Today or Tomorrow...'

U.S. Treasury Secretary Scott Bessent signalled the U.S. and Iran could reach an agreement as early as Tuesday or Wednesday to reopen the Strait of Hormuz, restoring free passage for commercial shipping.

Benzinga · Aug 4

Scott Bessent Said a Deal To Reopen The Hormuz Strait Could Be Reached Within Hours. Oil Is Declining Again

U.S. Treasury Secretary Scott Bessent expressed optimism about the possibility of reaching a deal that will see the reopening of the Hormuz Strait in the next hours.

International Business Times · Aug 4

Rubio hopes US can reach Hormuz deal with Iran ‘very shortly’ as officials say progress has been made – as it happened

US secretary of state comments come after treasury secretary, Scott Bessent, said Washington could reach a deal ‘by tomorrow’

The Guardian - UK · Aug 4

US Treasury Secretary Scott Bessent suggests Federal Reserve could consider raising FIMA liquidity facility

US Treasury Secretary Scott Bessent suggested increasing a key emergency liquidity facility. This facility helps stabilize the Japanese yen amid market volatility. Global bond markets have significantly expanded since the mechanism was created. The FIMA repo facility allows foreign central banks to exchange Treasuries for dollars. This tool protects the…

The Economic Times · Aug 4

Qatar Says Efforts To Reach U.S.-Iran Deal Are 'Ongoing.' But There Are No Direct Talks On The Horizon

Qatar spokesperson Majed Al-Ansari said efforts to reach a deal between the U.S. and Iran are ongoing but there are no direct talks in the plans.

International Business Times · Aug 4

US hopeful of Hormuz deal within days as diplomacy with Iran gathers pace

The United States expresses hope for a deal with Iran to reopen the Strait of Hormuz soon. Treasury Secretary Scott Bessent indicated talks could yield an agreement today or tomorrow. This comes as a cargo vessel was struck in the vital waterway, highlighting security concerns. President Donald Trump warned Iran…

The Economic Times · Aug 4

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International Business Times UK · Aug 4

Elon Musk Under Fire After GAO Audit Found Treasury Payment System User Was Granted Delete Access

A government audit reveals security lapses in a Treasury payment system during Elon Musk's brief leadership of DOGE.

The Economic Times · Aug 4

Global Market: US-Japan coordinated yen intervention raises pressure on bears, but BOJ policy holds the key

The first coordinated US-Japan yen-buying intervention in 15 years has triggered a sharp rebound in the Japanese currency, squeezing bearish positions. However, analysts believe lasting gains will depend on the Bank of Japan backing the move with interest rate hikes, as the US-Japan yield gap remains the key driver of…

The Economic Times · Aug 3

Yen holds gains after Japan, US confirm joint intervention, signal more action

Japan and the United States intervened jointly to support the Japanese yen currency. This rare action aimed to prevent further declines and global economic spillovers. Central bank data suggests Japan spent billions of dollars during the intervention. Officials vowed to take further coordinated action if needed to stabilize the yen.…

Fortune · Aug 3

America's 'weird' and 'unwise' intervention in the Japanese yen: 'The last thing you want is to give markets any kind of reason to ask questions'

Why did the Treasury sell euros to buy yen and come to the rescue of the flailing Japanese currency?

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Barchart · Aug 3

The US Just Intervened in Japan’s Markets. Why Treasury Secretary Scott Bessent Says the Yen Crisis Might Not Be Over – ‘We Will Not Hesitate’

Behind the joint yen rescue operation, from FIMA to euros, and what it means for the Treasury market, the carry trade, and more.

The Guardian - UK · Aug 3

Yen hits three-month high after Trump helps prop up currency

US and Japanese governments confirm they carried out a rare joint intervention late last week

The Guardian - AU · Aug 3

Why has Trump stepped in to prop up Japan’s currency?

The US has bought up yen to strengthen the currency for the first time in almost 30 years, with the moves raising questions about America’s motives

The Economic Times · Aug 3

Global Market: Japan, US confirm coordinated yen intervention to stem currency slide

Japan's finance ministry confirmed that Tokyo and Washington jointly intervened in currency markets to support the yen for the first time since 2011. The coordinated move underscores both governments' resolve to curb excessive currency volatility, though analysts remain cautious about its long-term impact.

Benzinga · Aug 3

Scott Bessent Says America 'Delivers' for 'Trusted Partners' as US, Japan Confirm Joint Yen Intervention: Economist Says Goal Is to 'Buy Time'

The U.S. Treasury joined Japan’s Ministry of Finance in a coordinated yen-buying operation, with officials from both countries pledging to intervene again if disorderly market conditions continue.

International Business Times UK · Aug 1

'That's Delusional': Senators Bash Elon Musk Claim That AI Will Do Away With Retirement Accounts

Elon Musk's claim that AI will make retirement accounts obsolete faces bipartisan scepticism in Congress, with lawmakers urging continued savings amid uncertain economic impacts of AI technology.

The Guardian - US · Aug 1

Bessent ‘to-do’ list shows proposal for US to buy $5bn-$10bn of Japanese yen

Treasury secretary’s notepad, photographed by Reuters on Friday morning, prompts questions over US plans

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