The Latest Breaking News from The US Treasury Department

US treasury excludes several reporters from covering G20 finance meet

The US Treasury Department has excluded journalists from several major news organisations, including The New York Times, Bloomberg News and The Wall Street Journal, from covering the G20 finance ministers' meeting in Asheville, North Carolina.

The Times of India · Aug 31

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

Asian shares are mixed and oil prices hold steady as the US raises pressure on Iran

Asian shares are mostly lower after U.S. stocks drifted to a mixed finish ahead of potentially market-moving events later in the week

The Independent UK · Aug 25

Yen heads for biggest weekly drop since May despite Tokyo's support pledges

The Japanese yen is experiencing a dramatic drop, marking its most significant weekly decline since May. The currency has hit 40-year lows against the US dollar, compounded by Japan's ineffective measures to bolster its value. Additionally, surging oil prices have reignited inflation worries, further enhancing the dollar's strength, while the…

The Economic Times · Jul 24

Global Market: US urges BOJ to keep raising rates, flags persistent yen weakness despite narrower yield gap

The US Treasury Department has urged the Bank of Japan to continue raising interest rates. This action aims to control inflation expectations and reduce excessive yen currency volatility. The yen has weakened significantly, reaching a 40-year low against the US dollar recently. Higher prices are impacting Japanese households' purchasing power…

The Economic Times · Jul 24

US revokes waiver for Iranian oil sales amid renewed Gulf strikes

The US Treasury Department has announced it will no longer allow Iranian oil sales to be conducted in US dollars on global markets after several tankers were hit by projectiles while attempting to cross the Strait of Hormuz. The move has left more than 60 million barrels of Iranian crude…

France 24 · Jul 8

Iranian President Masoud Pezeshkian leaves Iraq for Tehran after US strikes

US-Iran war news: Iranian President Masoud Pezeshkian departed Iraq after attending funeral rites for Ayatollah Ali Khamenei. US Central Command forces launched powerful strikes against Iran in response to vessel attacks. Explosions were reported near Sirik and Qeshm in southern Iran following these strikes. The US Treasury Department also cancelled…

The Economic Times · Jul 8

Former Iran director at NSC: Crypto legislation is a ticket to sanctions evasion

As the Senate weighs the CLARITY Act, gaps in oversight could hand adversaries new ways to evade sanctions and launder money.

Fortune · Jul 2

Indian firm, CEO among 8 entities sanctioned by US for 'fuelling' civil war in Sudan

The US has imposed sanctions on eight individuals and entities, including an Indian national, for allegedly fueling Sudan's civil war. Alok Choudhari, CEO of SBL Energy Limited, is accused of supplying explosives to a firm linked to the Sudanese Armed Forces.

The Economic Times · Jun 27

US warns ties with Iran’s Strait of Hormuz authority may bring sanctions for 'anyone' involved

America has issued a stern warning to global shipping and finance firms. Cooperation with Iran's new Persian Gulf Strait Authority could invite US sanctions. This move escalates pressure on Tehran's control over the vital Strait of Hormuz. The US Treasury Department stated that such cooperation might support Iran's Revolutionary Guard…

The Economic Times · May 28