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The Latest Breaking News from Scott Bessent

Woman accused of plotting to kill Scott Bessent with Molotov cocktail gets sentenced

‘You’ve had a very difficult life,’ the judge said. ‘Hopefully, the progress you’ve made in jail to this date has set you on the right path’

The Independent UK

Iran Continues Threatening To Escalate The War With The U.S., But Officials Are Also Worried About The Economy

Added to high inflation, a depreciating currency and energy shortages, Tehran is also facing heavily damaged infrastructure and lost production, among other woes.

International Business Times

Trump's White House Has a Record Number of Ultra-Rich Officials: Here's Who They Are

President Donald Trump has assembled an administration with an unprecedented concentration of wealth, with 57 senior officials worth at least $100 million each, more than four times the combined number found in the administrations of his three immediate predecessors, according to a new analysis.

Latin Times

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Trump Prepares New Economic Blows Against Iran. China Could Be Caught in the Crossfire.

Since the Iran war began in February, Washington has expanded restrictions and launched a naval blockade.

International Business Times

Iran Is Reportedly Preparing To Expand The War, Planning With Proxies And Ramping Up Missile And Drone Production

Arab intelligence officials believe Iranian leadership is taking steps to "get their forces ready to widen the war."

International Business Times

The U.S. Strategic Petroleum Reserve Keeps Dwindling. Experts Are Warning Its Facing Structural Peril.

The SPR is now below 300 million barrels for the first time since it began more than four decades ago.

International Business Times

Traffic Through The Strait Of Hormuz Has Practically Ground To a Halt. Oil Is Edging Up.

Only five ships made it through the key waterway during the weekend, according to the latest data from intelligence firm Kpler.

International Business Times

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The U.S.-Iran Deadline For The MoU Has Passed, But Tehran Says Hostilities Have Rendered It 'Irrelevant'

"The 60-day discussion is no longer relevant," Iranian Foreign Ministry spokesperson Esmail Baqaei said.

International Business Times

Trump wants more economic pressure on Iran. What are his options?

The United States plans to impose severe economic measures on Iran soon. Washington is considering sanctions on Chinese refiners and banks that aid Tehran. The administration may also target entities helping Iran evade existing sanctions. A land blockade is another potential strategy to increase pressure on Iran.

The Economic Times

Scott Bessent fired a currency bazooka, but global finance still looks like a 'giant Jenga tower' propped up by a Japanese yen that's in deep trouble

"Now traders are watching the 'yen carry trade,' where cheap yen borrowing funds bets on higher-yielding assets worldwide, and wondering if it’s about to blow up."

Fortune

What Bessent’s economic isolation of Iran could look like

The US Treasury plans new economic pressure on Iran, facing skepticism from critics. Targeting China's oil purchases poses risks to US-China relations and oil prices. Exchange houses in countries like the UAE help Iran move its funds. Secondary sanctions could pressure trading partners, including US allies like Turkey. The administration…

The Economic Times

Iran defiant on strait as Trump tells Americans to accept high gas prices

Iran has rejected US claims of control over the Strait of Hormuz and demanded Washington accept its conditions before shipping resumes. The conflict continues to disrupt oil traffic, push up US fuel prices and raise concerns about wider regional escalation.

The Economic Times

There Is No End To The U.S.-Iran War In Sight. Just Two Ships Made It Through The Hormuz Strait On Friday.

Oil prices are increasing after the UAE accused Iran of targeting two other ships.

International Business Times

Iran says the Strait of Hormuz is shut down. The Trump administration says 9 million barrels a day are still getting out

“Hefty chunk of non-Iranian crude still getting out, unlike the Iranian crude that isn’t.”

Fortune

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International Business Times

The UAE Says Iran Attacked Two Ships In The Hormuz Strait. Oil Is Edging Up.

Vice President JD Vance said that the Trump administration's new main goal in the war is keeping "oil and gas cheap for Americans all over our country."

International Business Times UK

Donald Trump Jet Swap Rumours: Senior Staff Express Outrage Over Secret Plane Exchange

President Trump's secret jet swap in Turkey, amid an Iranian threat, left White House staff and journalists unaware, sparking backlash over security and transparency concerns.

Salon

The worst press secretary I've ever seen

Karoline Leavitt is leaving the White House. She won't be missed by the media she mocked and despised

International Business Times

Vice President JD Vance Says The Administration Has a New Primary Goal In The Iran War

Vance said the main goal is "keeping oil and gas cheap for Americans all over our country." The second one is preventing Iran from getting a nuclear weapon.

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International Business Times

U.S. To Focus On Applying Economic Pressure On Iran As War Drags On: 'Never Been Seen'

Treasury Secretary Scott Bessent said tactics will focus on economic isolation and the continued blockade of the country's ports in the Strait of Hormuz.

Barchart

S&P Futures Tick Higher With Focus on U.S. Retail Sales Data

September S&P 500 E-Mini futures (ESU26) are up +0.10% this morning, putting the benchmark index on track to end the week at a new record high, while investors await U.S. retail sales data that will provide fresh insight into consumer spending.

International Business Times UK

Pete Hegseth Sparks 'High as a Kite' Claims After Viral Clip Shows Him Sweating and Repeatedly Wiping His Nose

Pete Hegseth's nose-wiping during a military ceremony sparked online speculation and jokes, despite no evidence of drug use.

Benzinga

Stock Market Today: Dow Jones Futures Slip, S&P 500, Nasdaq 100 Gains as US Says it Can Maintain Iran Blockade 'Indefinitely'—SanDisk, Workday, Applied Materials in Focus (UPDATED)

U.S. stock futures were mixed on Friday, as the Dow Jones index slipped and the Nasdaq 100 and S&P 500 indices rose, following Thursday’s higher close.

Benzinga

Economist Justin Wolfers Challenges Scott Bessent on K-Shaped Economy: 'Be a Little More Honest' (UPDATED)

Editor’s Note: The story has been refreshed with the latest market price action and a revised headline.

The Economic Times

US to unleash ‘economic isolation’ on Iran next week as Trump pressure campaign intensifies

The United States plans to intensify economic pressure on Iran next week, with Treasury Secretary Scott Bessent warning of measures unprecedented in the history of economic isolation. The move comes as ceasefire talks falter, Washington maintains its naval blockade and tensions around the strategically vital Strait of Hormuz continue to…

Bangkok Post

US says lower oil prices, not Iran's nuclear programme, are now top priority in war

WASHINGTON — The top US priority now in the Iran war is no longer its nuclear programme but to bring gasoline prices down for American consumers, the vice president said Thursday, with the treasury secretary adding that new economic punishment to wear down Tehran is imminent.

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