Bessent

UK chancellor said to have told US treasury secretary she did not like his tone during meeting in Washington in AprilUK politics live – latest updatesMiddle East crisis – live updatesRachel Reeves had an angry exchange with her US counterpart, Scott Bessent, in Washington last month over the war in Iran, sources have said, in the latest sign of the deepening tensions between the two countries.The chancellor and the US treasury secretary argued in person during the spring meetings of the International Monetary Fund, according to people briefed on the exchange, confirming a story first reported by the Financial Times. Continue reading...

• Treasury Secretary Scott Bessent described President Trump's economic measures as suffocating Iran's regime during a May 3 Fox News appearance. • Iran's economy faces $435 million daily losses and 112% food inflation due to the U.S. blockade, per FOX Business analysis. • Rising U.S. gas prices from the Iran conflict are creating broader economic challenges despite the pressure on Tehran.

• U.S. Treasury Secretary Scott Bessent announced that 2026 tax filing season refunds are up more than 10% nationwide compared to last year, with working Americans poised for immediate take-home pay increases via withholding changes. • The gains stem from broader economic policies under President Trump, including Trump Accounts to expand benefits from the vibrant economy to more citizens. • This reflects efforts to return money to American workers, families, and businesses, ushering in a new era of growth amid strong IRS performance.

US treasury secretary says actions will increase oil supply and bring down prices, but long-term effects in questionThe US may soon remove sanctions on Iranian oil stranded on tankers at sea, the treasury secretary, Scott Bessent, said on Thursday as Washington seeks to curb prices soaring over Iran’s closure of the strait of Hormuz.“In the coming days, we may un-sanction the Iranian oil that’s on the water. It’s about 140m barrels,” Bessent said during an appearance on Fox Business Network’s Mornings with Maria. Continue reading...

Treasury Secretary Scott Bessent is set to meet Chinese officials next week for a new round of trade negotiations, as US markets grapple with oil disruptions from Middle East conflicts. The talks aim to address tariffs and supply chain issues exacerbated by the Strait of Hormuz blockage. President Trump's energy team monitors surging prices, with industry leaders consulted on naval escort options. Economists predict outcomes could influence global commodity stability and US inflation rates.

Treasury Secretary Scott Bessent is set to meet Chinese officials next week for a new round of trade negotiations, as announced on March 14, 2026. The talks come amid surging oil prices and Middle East disruptions affecting global supply chains. U.S. officials aim to address tariffs and technology export restrictions, with Bessent stating 'we seek fair competition without escalation.' Industry leaders warn that outcomes could impact American consumers facing higher costs from ongoing conflicts.