Tag: ScottBessent
US Ramps Up Economic and Naval Pressure on Iran
The United States is expanding pressure on Iran through a combined economic and military strategy as hopes for an immediate reduction in tensions fade. Treasury Secretary Scott Bessent said Washington would soon announce economic measures against Tehran that he said "have never been seen in the history of economic isolation…
Iran, Oman Near Deal to Reopen Strait of Hormuz
U.S. stocks closed at record highs Tuesday after Treasury Secretary Scott Bessent told CNBC a deal to reopen the Strait of Hormuz could arrive "today or tomorrow." The S&P 500 rose roughly 1.8% to a fresh record, its first since June, while the Dow gained over 1,000 points and oil…
