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The Latest Breaking News from Scott Bessent

OPEC shocker as UAE leaves oil cartel days after negotiating swap lines with Scott Bessent’s Treasury

The petrodollar saga is taking another twist. The long, slow unraveling of the architecture that has governed global finance since 1974 continues.

Fortune

US won't renew Iranian and Russian oil waivers, Bessent says

Treasury Secretary Scott Bessent says the U.S. does not plan a third renewal of a waiver allowing the purchase of Russian oil that is currently at sea

The Independent UK

U.S. Freezes $344 Million In Crypto Tied To Iran Amid Escalating Regional Tensions

The Trump administration has frozen about $344 million in cryptocurrency it says is linked to Iran, stepping up financial pressure on Tehran as tensions between the countries continue.

International Business Times

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US imposes sanctions on a China-based oil refinery and 40 shippers over Iranian oil

The Trump administration is sanctioning a major China-based oil refinery and about 40 shipping companies

The Independent UK

How a swap line for Persian Gulf allies would break with the past

"Many of our Gulf allies have requested swap lines" and seemed receptive to their use, said Treasury Secretary Scott Bessent.

Axios

How Did David Scott Die? Cause of Death, Advocacy and The Remarkable Life Of a Georgia Congressman

David Scott, the veteran Georgia congressman and former House Agriculture Committee chair, has died at 80 after more than two decades in Washington.

International Business Times UK

EU agrees fresh sanctions on Russia but leaves maritime services ban on hold

Due to Greece and Malta's concerns, the full ban on maritime services will be left on hold pending an agreement at the G7 level. The US, however, is going in the opposite direction by providing sanctions relief to Russia.

Euronews

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Erdogan says Iran war ‘starting to weaken Europe’ – as it happened

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The Guardian - AU

EU optimistic about ending Hungary's veto on €90 billion loan for Ukraine

Brussels is ready to move on with the €90 billion loan for Ukraine as soon as Hungary removes its controversial veto. The resolution could also pave the way for the adoption of a new package of sanctions against Russia.

Euronews

Donald Trump Was 'Out Cold', Seen With Eyes Shut During His Own Campaign Roundtable

Donald Trump appeared to nod off during a live broadcast in Las Vegas, sparking speculation about his health. The event was meant to promote his tax-free tips policy.

International Business Times UK

US Labour Secretary Chavez-DeRemer quits amid misconduct probe

Us labour secretary Lori Chavez-DeRemer quits Trump cabinet amid misconduct probes, including alleged affair with a subordinate and misuse of staff.

Euronews

Scott Bessent's Tax Withholding Hack For Bigger Paychecks Could Backfire — Experts Warn Of Costly Mistakes

US Treasury Secretary Scott Bessent advises Americans to update withholdings for 2026 to receive bigger paychecks, but experts warn against hasty changes, highlighting penalties.

International Business Times UK

White House Official Reveals Strategy Behind Trump's Bizarre Posts, Says 'He Came Up With the Idea Himself'

Treasury Secretary Scott Bessent called Trump's controversial social media posts 'part of his personal strategy' as backlash mounts from allies.

International Business Times UK

‘It’s a twilight zone’: Iran war casts deep shadows over IMF gathering in Washington

Rachel Reeves joins global finance chiefs in highlighting how households and businesses are feeling the pain of higher energy prices

The Guardian - UK

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The Independent UK

US again lifts sanctions on Russian oil stranded at sea two days after Trump’s treasury secretary promised not to

It prolongs a similar 30-day waiver issued in March

Axios

Scoop: Bessent and Wiles met Anthropic's Amodei in sign of thaw

"Every department other than War wants to use Anthropic."

Latin Times

Trump Bank Citizenship Plan Could Hit 21.3 Million Americans Lacking Proof Papers and More than 69 Million Women

The Trump administration's proposed banking order is beginning to look less like a narrow immigration measure and more like a sweeping paperwork test for millions of Americans, especially women whose legal names no longer match the names on their birth certificates.

We Got This Covered

‘In their heart of hearts, they feel good’: Scott Bessent dismisses your misery, explains you’re actually really happy, you just don’t know it

Feeling unhappy? Good news, you're not!

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The Independent UK

Ukraine-Russia war latest: Ukrainian police chief resigns after officers ‘disgracefully’ flee Kyiv shooting

Eight people, including a 12-year-old child, remain hospitalised in Kyiv after shooting that killed six

The Independent UK

Billionaire Trump hasn’t heard of a ‘corner store’ and laments poorer people ‘don’t think in terms of deductions’ at tax event

The president shared a variety of bizarre economic views and admitted he makes financial markets nervous during an event in Las Vegas to promote his tax agenda

International Business Times UK

Karoline Leavitt Claimed Gas Prices Are Down Under Trump While Americans Are Paying Nearly a Dollar More at the Pump

Karoline Leavitt's claim of falling gas prices is contradicted by AAA data showing a rise since Operation Epic Fury began, as Treasury Secretary Bessent defends the administration.

Euronews

Orbán's defeat and US shift raise hopes to unblock EU sanctions on Russia

After Viktor Orbán's defeat at the polls and Washington's decision to phase out waivers for Russian oil, hopes are rising in Brussels that a package of sanctions against Moscow will finally be unlocked.

The Independent UK

Before posting Jesus meme, Trump consulted his ‘agent of chaos’: report

Bill Pulte, director of the Federal Housing Finance Agency, allegedly influenced the president’s decision to post the AI image, not the first time the offical has been accusing of stoking controversy

International Business Times UK

Gas Prices May Not Hit $3 Until September, Treasury Chief Bessent Warns He's 'Watching' Gas Stations

Treasury Secretary Scott Bessent says $3 gas could arrive between June and September, warning the Trump administration plans to monitor gas stations. Stay updated on energy costs and petrol prices.

Evening Standard

Chancellor cuts bills for thousands more firms as she continues Washington talks

Rachel Reeves has stepped up criticism of US-Israeli military action in Iran.

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