Category: Bessent, Scott

U.S. Pauses Sanctions on Some Iranian Oil to Get More to Market

The New York Times – Business:
Treasury Secretary Scott Bessent estimated that the move would add about 140 million barrels of crude to the oil market.
How High Will Oil Climb? Markets Brace for More Bad News.

The New York Times – Business:
Energy experts forecast more pain for consumers and businesses as the war in the Middle East shows no signs of easing.
U.S. Encourages Flow of Iranian Oil While It Battles Iran

The New York Times – Business:
Treasury Secretary Scott Bessent said removing sanctions on Iranian oil would lower global prices.
U.S. Encourages Flow of Iranian Oil While It Battles Iran

The New York Times – Business:
Treasury Secretary Scott Bessent said removing sanctions on Iranian oil would lower global prices.
Trump Officials Look to More Managed Approach to Trade With China

The New York Times – Business:
The administration has begun discussing a new “Board of Trade” with China to try to balance what U.S. officials see as an unequal economic relationship.
Why Trump’s Strait of Hormuz Problem Is Going Global

The New York Times – Business:
President Trump is getting little to no support so far for his call that other countries do their part to try to ease an energy crisis prompted by U.S.-Israeli attacks on Iran.
Oil Prices Barely Budge After Trump Lifts Russia Sanctions

The New York Times – Business:
After surging about 10 percent on Thursday, oil prices had little reaction to the decision by President Trump to waive sanctions on the sale of some Russian crude.
Trump’s Actions in Iran and Venezuela Show Limits of U.S. Sanctions

The New York Times – Business:
America’s vast economic powers are able to wear down an adversary’s economy but are insufficient to topple leaders on their own.
A Trump-Xi Summit Nears, but China Doesn’t Know What Trump Wants

The New York Times – Business:
Trump’s agenda for the high-stakes meeting remains unclear to Beijing, Chinese analysts say, while American executives say they haven’t been invited along.
How Trump and His Advisers Miscalculated Iran’s Response to War

The New York Times – Business:
In the lead-up to the U.S.-Israeli attack, President Trump downplayed the risks to the energy markets as a short-term concern that should not overshadow the mission to decapitate the Iranian regime.
Businesses Push for Tariff Refunds as Trump Aides Hint at Fight to Come

The New York Times – Business:
By the president’s own admission, it could be years before the matter is settled, even though the administration previously indicated it would pay.
For America’s 250th, Should the Coin of Trump’s Realm Be Gold?

The New York Times – Business:
A federally appointed committee is pushing back on plans to mint gold currency depicting President Trump.