President-elect Donald Trump's pick for Treasury secretary, Scott Bessent, said on Thursday that the dollar should remain the ...

Scott Bessent, nominated by President-elect Donald Trump for Treasury Secretary, advocates maintaining the dollar's status, tougher Russian sanctions, extending Trump's tax cuts, and Fed independence.

Global diesel prices and refining margins spiked following the latest round of U.S. sanctions on Russia's oil trade on ...

Geopolitics and the foreign and trade policy choices of the new U.S. administration will impact the world order and economy, and OPEC+ will have to carefully navigate through all these to remain a ...

Good afternoon and happy Thursday, readers! The big news of the day is from Doug Burgum’s and Lee Zeldin’s nomination hearings. But there’s also news on the future of Russia sanctions, and more.

Financial sanctions on Russia were introduced following the annexation of Crimea in 2014 and the wider invasion of Ukraine in ...

A tanker subject to the new U.S. sanctions is discharging Russian oil at a port operated by Shandong Port Group in east China ...

The treasury secretary nominee said he has no qualms about tightening sanctions against Russia and Russian energy products if Trump is in favor of doing so.

On 10 January 2025, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced a package of new sanctions ...

Iran is weaker and more vulnerable than it has been in decades, likely since its decadelong war with Iraq or even since the ...

Donald Trump's Treasury secretary nominee Scott Bessent said Thursday he would support tightening sanctions on Russia if the incoming president saw it as a way toward ending the war in Ukraine.

U.S. Treasury nominee Scott Bessent on Thursday faced sharp questions from both Democrats and Republicans on tax policy, ...