The Treasury Department said the Iranian exchange houses facilitate billions of dollars in foreign currency transactions a year, enabling Tehran to evade sanctions and access international financial system, while the front companies oversee hundreds of millions of dollars in transactions.

US imposes fresh sanctions on Iranian exchange houses, front companies and shadow fleet vessels

Treasury Secretary Scott Bessent said the Iranian leadership is corrupt and has been stealing from the Iranian people for years. They have money offshore. We will continue to track it, and we are going to preserve those assets for the Iranian people on the other side of this conflict.

‘Iran’s economy on the precipice of extreme calamity,’ says White House economic adviser

The US naval blockade has shut down Iran’s network of shadow ships, which clandestinely transported oil to China. After the blockade, these tankers have been unable to breach the cordon of US warships that have chased them all the way to the Indian Ocean.

‘Rats in sewer pipe’: Treasury Secretary Scott Bessent says Iranian leadership sitting in the dark, unaware of realities

Over 53 million Americans claimed new Trump-era tax benefits this season, as average IRS refunds rose to $3,462, highlighting the impact of recent tax reforms

US Tax Day: 53 million tax filers claim benefits. Here are the numbers

US Treasury Secretary Scott Bessent said Iran made the mistake of bombing other nations in the Middle East, and those countries are now being “more transparent” about the Iranian funds in their banking systems. He further said that countries are being cautioned against buying Iranian oil.

‘Operation Economic Fury under way’: US warns nations against buying Iranian oil, urges freeze on IRGC funds

Economists warn that the shutdown, the longest ever now, risks eroding confidence among businesses and households unless a resolution is reached soon. The shutdown is hurting consumer confidence, delaying federal payments, and disrupting air travel, food aid, and essential services.

Shutdown’s economic impact getting ‘worse and worse,’ warns Bessent, says US economy faces deeper hit

China’s top trade negotiator, Li Chenggang, said on Sunday that China and the US had reached a preliminary consensus after discussions on a range of issues, including the extension of their trade truce, fentanyl, and export controls.

US, China have reached ‘framework’ of trade deal on rare earths, soybeans and tariffs: Scott Bessent

Rare earth minerals are critical for manufacturing a wide range of products like batteries, electric vehicles, household goods, TVs, smartphones, and solar panels. Besides, even after three rounds of trade talks, China has still not officially approved the sale of TikTok US.

‘It’s China vs. the world’: US will ‘neither be commanded nor controlled,’ says treasury secretary Scott Bessent

US Treasury Secretary Scott Bessent slammed India over tariffs in July, but by October called it a key ally against China’s rare earth restrictions. What is behind this sharp U-turn?


Scott Bessent, the shape-shifter: Treasury secy who called India ‘Maharaja of tariffs’ now wants ‘ally’ to support US against China

US Treasury Secretary Scott Bessent accused India of reselling discounted Russian oil to Europe, saying it indirectly funds Moscow’s war. He defended US tariffs on India and urged tougher European sanctions.

Not India, 'Europe is funding Russia's war': Trump team turns fire on Europe after accusing India of 'profiteering' from war

The Trump administration has said that American companies should “eat” the additional costs of tariffs and denied that the duties are a tax on American consumers, but big companies like Nike, Hasbro, and Walmart have warned that tariffs would lead to price increases.

US will refund ‘half the tariffs’ if SCOTUS rules Trump overstepped, says Bessent

US Treasury Secretary Scott Bessent, in an interview with Bloomberg TV, said that if things don't go well between Trump and Putin, sanctions and secondary tariffs could be imposed.

Another WARNING for India: US warns New Delhi of more tariffs, sanctions if Trump-Putin Alaska talks 'don't go well'

Revised US jobs data revealed sharper labour market weakness than previously thought, strengthening the case for policy action. Markets now see a near-certain September Fed rate cut, with odds rising for a larger half-point move after soft inflation and weak jobs data.

Fed rate cut seen almost certain after July inflation data, Bessent signals