… US Treasury Secretary Scott Bessent vowed to keep up the economic pain. "We are going to continue exerting pressure, and we've had very good discussions here already," Bessent told reporters at a G20 meeting in North Carolina. …
… US Treasury Secretary Scott Bessent has said "no one is above the reach of US sanctions" when asked if Washington would target Chinese banks that do business with Iran, ahead of an expected September visit by Chinese President Xi Jinping to the US capital. …
… US Treasury Secretary Scott Bessent on Monday laid out plans for the "economic asphyxiation" of Iran, warning of dire consequences for countries that do not join the campaign.Iran's leaders, however, have dismissed the impact of the new measures, having already endured decades-lo …
… On Monday, US Treasury Secretary Scott Bessent claimed the US had "dismantled Iran's military capabilities, destroyed nearly 100 percent of its military factories, and buried its nuclear programme".The US and Israel launched the war against Iran in late February, vowing to end an …
… The long-awaited listing would value the group -- known for its vast selection of products at stunningly low prices -- at close to $27 billion.Eyes are also on US Treasury boss Scott Bessent, who said he would give more details in a news conference on Monday on a fresh push to pi …
… His remarks came hours after US Treasury Secretary Scott Bessent, in a column for the Financial Times, declared that an "economic D-Day" had begun against Tehran and warned that any country that continued to enable the Islamic republic would become a "global pariah". …
… Alongside Trump, the lawsuit names Secretary of State Marco Rubio, Treasury Secretary Scott Bessent, Attorney General Todd Blanche, and Bradley Smith, director of the Office of Foreign Assets Control.Established in 2002, the ICC prosecutes individuals accused of the gravest atroc …
Iranian airlines cancelled some international flights after the US tightened sanctions on Iran's aviation sector. Georgia and Azerbaijan suspended flights, and routes to Baghdad, Muscat and Qatar were halted, though some carriers continued operating to other destinations including China.
Iranian airlines cancelled some international flights after the US tightened sanctions on Iran's aviation sector. Georgia and Azerbaijan suspended flights, and routes to Baghdad, Muscat and Qatar were halted, though some carriers continued operating to other destinations including China.
US President Donald Trump is hosting Chinese leader Xi Jinping at the White House on Thursday for formal ceremonies including a military flyover and state banquet, aimed at managing tensions between the superpowers over trade, artificial intelligence, and Beijing's support for Iran. A two-month extension of a trade truce due to expire in November was announced as an early sign of cooperation.
China's leader Xi Jinping departed Beijing on Wednesday for Washington to meet with US President Donald Trump, with talks planned for Thursday addressing AI concerns and trade tensions. The visit includes a White House ceremony, state dinner, and concludes Friday with tea and a National Archives visit.
US Treasury tightened sanctions on Iran's aviation industry on Wednesday, prompting Iranian airlines to cancel flights to Baghdad, Muscat, Qatar, Georgia and Azerbaijan, though routes to China, Istanbul and other destinations remained available. The US Treasury Secretary announced the measures as part of efforts to pressure Iran following their nearly seven-month war.
Iran's civil aviation authorities cancelled flights to Baghdad and Muscat airports effective midnight Tuesday, hours before expanded US sanctions took effect. Iran is negotiating to reroute Baghdad flights to Najaf and discussions with Oman were ongoing.
US Treasury Secretary Scott Bessent warned that Iranian airlines will have trouble functioning globally under American sanctions, saying on September 23 "all the Iranian airlines will be shut down around the world" because countries cannot provide fuel, landing services, or sell tickets without being removed from the dollar system. Iraq announced it would suspend flights by Iranian airlines, and Georgia barred Iranian carriers from its territory.
The US Treasury Department imposed sanctions on 36 targets supporting Iran's aviation sector, including 27 Iranian airlines and service providers in the UAE, Turkey, Malaysia, and Kazakhstan, as Washington escalates economic pressure in its conflict with Tehran.
Canada's retaliatory tariffs of 15 percent, 25 percent and 50 percent took effect Tuesday on $27.6 billion in US imports including steel, aluminum and dairy products, in response to US President Donald Trump's earlier 50-percent tariffs on Canadian goods. The escalation also includes Trump's threat to block Bombardier Aviation sales in the United States unless the Quebec-based plane maker moves manufacturing to the US.
Iran's government announced it is doubling the price of petrol for its heaviest consumers to 10,000 tomans per litre as the United States increases sanctions pressure on the country's economy. The price increase, effective September 8, applies only to Iran's third consumption tier; prices for the first two tiers remain unchanged.
Iran raised the price of petrol for heavier consumers to 10,000 tomans per litre (about 4.5 US cents) for consumption above the second tier, as the United States stepped up sanctions to isolate the country's economy. The first and second pricing tiers remained unchanged under Iran's quota system.
US President Donald Trump vowed Monday to hit Iran "hard" after the two countries traded strikes over the weekend—the first exchange in weeks. The incident followed six months of war in which Iran has kept the Strait of Hormuz closed and the US has maintained a counter-blockade of Iranian ports.
Iran's President Masoud Pezeshkian acknowledged that US sanctions are hurting the Iranian economy, saying the country faces "wartime conditions." He noted that exports and imports have fallen by 25 to 35 percent in recent months as the US maintains a naval blockade of Iranian ports.
Six months into a war with the United States, Iran says putting diplomacy back on track is possible if Washington abandons its pressure campaign. A ceasefire was agreed in April and a memorandum toward a peace deal was signed in June, but no final agreement has been reached, and the US has since declared "economic warfare" against Tehran.
Iranian President Masoud Pezeshkian said on Wednesday that the United States would achieve nothing with its new round of economic sanctions, stating that America was unable to achieve anything in previous pressure campaigns. US Treasury Secretary Scott Bessent had announced plans for the "economic asphyxiation" of Iran, but Iran's leaders dismissed the measures, citing their experience enduring decades of sanctions since the 1979 revolution.
Iran's president said Wednesday that the United States will achieve nothing with its sanctions campaign, as the two sides remain locked in a stalemate nearly six months into their conflict. Iran's army claimed it had rebuilt or replaced all weapons systems damaged during fighting and said it has a two-year plan to counter economic pressure.
Oil prices fell as investors awaited details of a US plan to isolate Iran's economy under President Trump. Asian stocks declined in early trading, with South Korea's Kospi falling 1.4 percent after Samsung Electronics announced an $80 billion share buyback.
President Trump claimed Monday that Iran was "collapsing" as Washington prepared to announce details of a new economic pressure campaign. The US is pursuing economic levers after six months of stalled conflict, with the Treasury Secretary declaring an "economic D-Day" against Tehran and warning third countries not to enable Iran.
US rights groups including Human Rights Watch sued President Trump over sanctions targeting International Criminal Court judges and prosecutors, arguing the measures violate First Amendment protections and block war crimes victims from pursuing justice.
Four rights groups including Human Rights Watch filed a lawsuit in New York court challenging Trump administration sanctions on International Criminal Court judges and prosecutors, arguing the measures block victims of war crimes from pursuing justice and violate US law including First Amendment protections.
US Treasury Secretary Scott Bessent said the United States could reach a deal with Iran to reopen the Strait of Hormuz by Wednesday, which would stabilize energy prices and restore freedom of movement for shipping.
US President Donald Trump said a deal to reopen the Strait of Hormuz could come as soon as Wednesday but warned Iran it would face being "hit very hard" if negotiations fell through. Iran has tightened its grip on the waterway since February 28 and wants to control the strait and charge tolls, which has been a sticking point in talks.
U.S. President Donald Trump announced he was calling off planned strikes on Iran and flagged the signing of a possible deal with Tehran after top-level talks, saying discussions and final points had been approved by all parties involved including the United States and Israel.
France's finance minister said two days of G7 talks on economic challenges were "frank, sometimes difficult," but the group agreed a statement reaffirming commitment to multilateral cooperation in addressing risks to the global economy, including supply chain pressures and Middle East conflict impacts.
China and the United States agreed to continue implementing all previously reached agreements and establish councils for trade and investment, according to Beijing's top diplomat, following a two-day summit in Beijing where Presidents Xi Jinping and Donald Trump discussed trade and other issues dividing the world's two largest economies.
During a summit in Beijing, President Trump said he had made "fantastic trade deals" with China's Xi Jinping in sectors including agriculture, aviation, and artificial intelligence. Trump also stated that China has offered to help open the Strait of Hormuz.
At a Beijing summit, Chinese President Xi Jinping warned US President Trump that mishandling the Taiwan question could push the two nations into conflict, while Trump called Xi a "great leader" and a "friend."
US President Donald Trump's Air Force One stopped in Anchorage to refuel during his departure for Beijing. The stop reflects operational limits of the Boeing VC-25A aircraft, which faces range constraints on the roughly 6,500 to 7,000 nautical mile journey from Washington D.C. to Beijing when accounting for communications equipment, security systems, personnel, cargo, and emergency fuel reserves.
President Trump's administration is considering requiring US government oversight of artificial intelligence models before public release, according to The New York Times. The White House is discussing an executive order to establish a working group of tech executives and government officials to examine review procedures for new AI models.
Iran warned Monday that it would consider any US attempt to interfere in the Strait of Hormuz a breach of the Mideast ceasefire, as President Donald Trump announced the United States would begin escorting ships through the blocked waterway under "Project Freedom," a humanitarian operation.
Iran warned on Monday that it would consider any US attempt to interfere in the Strait of Hormuz a breach of the Mideast ceasefire, after President Trump announced a US operation to escort ships through the blocked waterway. Negotiations between the two countries have been deadlocked since a ceasefire came into effect on April 8, with Iran's control of the strategic strait following US-Israeli attacks on Tehran remaining a main point of contention.