BESSENT
To achieve real peace for our time, Iran must prepare for war
The article argues that Iran should not accept a peace deal without guarantees of sovereignty and long-term security. It contends that Israel’s regional ambitions and US military and political support for it remain the biggest obstacles to lasting peace. With Tehran’s demands unlikely to be accepted by Washington, Iran must strengthen its deterrence or seek a broader settlement through BRICS to prevent another conflict.
US extends 178 China tariff exclusions to January 9
The US has extended tariff exemptions on 178 categories of Chinese goods until January 9, 2027, giving businesses more time to import these products without additional duties. The move comes as Washington and Beijing continue trade negotiations, with both sides discussing commitments on agricultural exports, rare earths and critical minerals.
US Treasury Secretary Scott Bessent moves to military base amid Iranian threats to his safety: Report
US Treasury Secretary Scott Bessent has relocated to a military base following reported safety threats linked to Iran. His relocation was prompted by escalating security concerns regarding potential Iranian threats to American officials. While the exact nature of these threats remains unclear, Bessent's move reflects serious security measures within the Trump administration. The transition was made for the safety of Bessent and his family, according to media reports.
US and China should stay clear-eyed on AI cooperation and competition, Scott Bessent says
The United States and China should harbor no illusions about their differences on artificial intelligence as they navigate cooperation to mitigate the technology's risks while competing for AI supremacy, US Treasury Secretary Scott
Iran's economic 'pain' will intensify, says US Secretary of State Marco Rubio
US Secretary of State Marco Rubio on Tuesday (local time) said economic pressure on Iran would continue to intensify over the coming months, warning that the country's oil revenues would dry up as sanctions compound.
Marco Rubio tells G7 US will keep imposing 'devastating' costs on Iran, diplomats say
US Secretary of State Marco Rubio briefed G7 foreign ministers on the situation regarding Iran and economic sanctions. During the meeting in Paris, he referred to Iranian authorities in strong terms, emphasizing ongoing sanctions. Trump has decided to delay military strikes against Iran following regional appeals for diplomacy and dialogue. Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al-Thani expressed cautious optimism about potential diplomatic solutions.
Voters demanded economic relief. Trump and Democrats face tough choices on how to deliver
Voters have conveyed a clear message about the necessity of addressing inflation and economic issues. Both parties are preparing to respond to the economic challenges revealed by recent election outcomes. The Federal Reserve may gain independence to curtail inflation as Trump and Democrats grapple for control. Efforts to secure Social Security funding are urgent as benefits become jeopardized after 2032.
How a banking scandal is taking down Trump’s ally in Paraguay
Paraguay's Ueno Bank has collapsed, leaving customers locked out of their accounts and prompting nationwide protests. President Santiago Peña faces impeachment while being linked to the bank's swift downfall amid allegations of misconduct. The Central Bank had found serious issues with Ueno’s lending practices prior to its seizure, which caused it to be declared insolvent. Regulators found that the bank issued loans beyond legal limits without proper categorization.
Ousted Paraguayan President Santiago Pena placed under house arrest after bank collapse; Pedro Alliana sworn in as sudden successor
Santiago Pena, the ousted President of Paraguay, was placed under house arrest on charges of misconduct. His removal follows the collapse of Ueno Bank, affecting nearly half of Paraguay's population. Vice President Pedro Alliana has assumed presidency amidst public outcry for accountability. Regulators seized Ueno Bank, locking depositors out of their accounts and triggering a political crisis. Lawmakers allege Pena abused his political influence regarding Ueno's operations and regulatory oversight.
US Treasury sanctions Canadian money services firms over Iran-related transactions
US Treasury imposed financial sanctions on eight Canadian money services firms involved with sanctioned Iranian entities. The sanctions block access to dollar-based financial systems and prohibit transactions with US persons. Secretary of the Treasury Scott Bessent stated that Canada cannot provide safe havens for illicit financial facilitators. Additionally, MEXC Global, a virtual currency exchanger, was cut off from the US financial system.
US sanctions India-based couple, companies over alleged support for Iran's Shadow oil fleet
The United States imposed sanctions on Suniel Kumar Sharma and Jaspreet Preeti Shahid for aiding Iran's shadow fleet. Their network allegedly provided fraudulent maritime registrations to help sanctioned vessels transport Iranian petroleum. Several companies linked to the couple also received sanctions under Executive Order 13902. Additionally, a Turkiye-based company was sanctioned for providing services to US-designated Iranian airlines.
US slaps sanctions on Indian, Turkish firms and people for aiding Iran
The sanctions are part of the Trump administration's "Operation Economic Outcast," which aims to cut off Iran's ability to sell oil to fund the war with the US and Israel. Treasury unveiled the new sanctions a day after Democrats made huge gains in midterm elections, winning control of both houses of Congress as voters expressed anger about the Iran war and its impact in fueling US inflation.
US-friendly nations slash treasury purchases by 60%, led by Asia
In the first eight months of 2026, countries aligned with the US purchased a net total of $174.3 billion in Treasuries. This amount represents a significant decline, reflecting a drop of over 60% from the previous year. It marks the lowest investment level recorded for this period since 2021. The data highlights a shift in fiscal relationships between the US and its partners.
US growth boosted by AI, but no sign of a turning point higher
Economists estimate the growth potential of the US economy to be around 2%, whereas President Donald Trump aspires to double it. Business investments are escalating, primarily driven by the demands for data centers and enhanced AI capabilities, which can positively affect GDP growth. However, the influence of artificial intelligence on productivity is still unpredictable, and tariff strategies for cutting imports yield mixed results, affecting the market dynamics significantly.
US midterm election 2026: How Air Force One has become Donald Trump's most potent trump card in upcoming polls
US midterm elections 2026: President Donald Trump is surrounded on these trips by White House and external consultants making strategic choices for the midterms. The goal of Trump's travel over the past month has been to help Republicans keep control of Congress.
Iran claims Strait of Hormuz control, warns US warships against entering Persian Gulf amid fresh strike threat
Iran has declared full control over the strategic Strait of Hormuz and warned against US military entry. Meanwhile, US officials hinted at the possibility of an imminent strike on Iran amid ongoing diplomatic efforts. Iranian military leaders have dismissed claims of weakened military capabilities and questioned US assertions about Iran's nuclear facilities. Reports indicate that two supertankers recently experienced accidents in the region, although details remain unverified.
Oil exports from Persian Gulf 'surpassed pre-conflict levels', claims US Treasury Secy Bessent
US Treasury Secretary Scott Bessent announced that oil exports from the Persian Gulf have exceeded pre-conflict levels. This development occurred despite ongoing Iranian threats to disrupt energy shipments to global markets. Iranian state media reported two supertankers struck a naval mine near the crucial Strait of Hormuz. The situation escalated with US Ambassador Tom Barrack indicating a potential military strike against Iran.
Iran caps dollar purchases at $1,000 per day amid sanctions-hit economy
Iran has introduced new rules for buying US dollars through banks and exchange offices as sanctions strain its financial system. Under the guidelines, individuals can purchase up to $10,000 in total, subject to a daily limit of $1,000.
Bessent sees no spillover from France bond market’s turmoil
Scott Bessent, the US Treasury secretary, expressed that the French bond market will not affect other markets. He acknowledged the economic challenges faced by France amidst ongoing protests and unrest. President Macron's economic team is recognized by Bessent as being highly capable and knowledgeable. Recent protests in France have intensified, leading to increased pressure on the country's debt situation.
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