Scott Bessent is in the news as US Treasury Secretary since 2025, after a career at Soros Fund Management and founding Key.
On February 12, 2026, the US Environmental Protection Agency (EPA) finalized the repeal of the 2009 'endangerment finding' that classified greenhouse gases as threats to public health. Led by the Trump administration and EPA head Lee Zeldin, this marks the largest climate deregulation in US history, removing federal greenhouse gas emission standards for vehicles and threatening broader climate regulations. The rollback aims to reduce costs for automakers and fossil fuel industries but faces strong opposition from environmental groups and legal challenges.
Recent analyses show the US fiscal outlook has worsened modestly, with higher deficits and debt projections for 2026-2036. Key factors include recent policy changes such as tax cuts, tariffs, and immigration crackdowns, which have increased deficits and debt levels, raising concerns about long-term fiscal stability.
Following a Supreme Court ruling, the US has reimposed a 10% global tariff on imports, overriding previous tariffs deemed illegal. President Trump announced plans to raise tariffs to 15%, but legal and diplomatic uncertainties remain, impacting international trade and US relations.
The US Treasury proposes a regulation to block US banks from doing business with MBaer Merchant Bank AG, a small Swiss bank accused of funneling over $100 million for illicit activities linked to Iran and Russia. The move highlights concerns over money laundering and national security risks.
On February 26-27, 2026, Massimiliano Cali and his daughter filed a lawsuit in Washington, DC, challenging US sanctions imposed on Francesca Albanese, UN special rapporteur on Palestinian territories. The suit alleges violations of First, Fourth, and Fifth Amendment rights, citing impacts on their home access and financial freedoms. The US government defends the sanctions as lawful responses to Albanese's alleged anti-Israel activism.
The US Supreme Court has ruled that President Trump has exceeded his authority in imposing tariffs through emergency powers. This decision affects around $175 billion in tariffs paid by companies. The Biden administration plans to adjust its legal approach to maintain tariffs, while ongoing lawsuits challenge their legality.
Former President Trump oversaw a U.S. military operation targeting Iran from Mar-a-Lago, claiming the death of Iran's Supreme Leader Khamenei. The operation involved high-level officials, with Trump posting social media updates. The attack has heightened tensions with Iran, which vows retaliation.
Lawmakers have raised concerns about Chinese-linked companies, including ACM Research and Anker, citing national security risks and potential data surveillance. The scrutiny follows recent investments and allegations of unfair market practices, amid fears of Chinese influence on US technology and security.
As of March 12, 2026, the US State Department has evacuated approximately 47,000 American citizens from 14 Middle Eastern countries amid escalating conflict involving Iran and Israel. The department has chartered flights and provided travel assistance, though many Americans remain stranded due to widespread airspace closures and limited commercial flights. US embassies face ongoing security threats, including drone attacks.
On March 3-4, 2026, US President Donald Trump threatened to cut all trade with Spain after Madrid refused US military use of its bases for attacks on Iran. Spain's Prime Minister Pedro Sánchez condemned the strikes as unjustified and dangerous. The US cited Spain's NATO spending and base access refusal as reasons. Spain and the EU vowed to uphold trade agreements and protect their interests.
As of mid-March 2026, Iran exerts selective control over the Strait of Hormuz, a vital maritime chokepoint through which 20% of global oil passes daily. Since the US-Israel strikes on February 28, multiple attacks on vessels have disrupted traffic, causing tanker flows to collapse by over 90%. Iran allows limited passage to allies via negotiated safe corridors, while many ships transit with tracking systems off. The US has deployed Marines and threatens military action if Iran mines the strait.
The US has extended a temporary waiver allowing India to buy Russian oil loaded before March 5, as global energy markets face turmoil from Middle East conflicts and Strait of Hormuz closure. The move aims to stabilize prices but raises concerns over sanctions and geopolitical risks.
The conflict in the Middle East has intensified with US and Israeli strikes on Iran, Iran's missile attacks on US bases and Gulf countries, and rising regional instability. Support within the US is divided, and the situation remains highly volatile as international powers respond.
On March 12, 2026, the US Treasury issued a 30-day waiver allowing countries to buy Russian oil already at sea to stabilize global energy markets disrupted by the Iran conflict. Treasury Secretary Scott Bessent emphasized the measure's limited benefit to Russia, applying only to oil in transit. This follows a similar waiver for India amid soaring oil prices and geopolitical tensions.
On March 15-16, 2026, U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng met in Paris to discuss trade issues ahead of President Trump's planned visit to China from March 31 to April 2. Talks focused on tariffs, rare earth minerals, export controls, and agricultural purchases amid ongoing tensions and a fragile global economy impacted by the US-Israeli war on Iran.
The US has granted a 30-day waiver allowing countries to buy Russian crude stranded at sea, aiming to stabilize energy markets. Experts warn this move benefits Moscow financially, potentially boosting its war efforts and reversing recent declines in Russian energy revenues, despite US claims of limited benefit.
A recent attack in Ukraine damaged infrastructure and wounded civilians, amid ongoing conflict. The strikes follow US and Israeli actions in Iran, which have impacted global energy markets. The US has temporarily eased sanctions on Russian oil, sparking international debate about its implications for peace and the Ukraine conflict.
As of March 18, 2026, FCC Chair Brendan Carr has escalated warnings to US broadcasters, threatening license revocations over what he calls "hoaxes and news distortions" about the Iran war. These threats follow President Trump's accusations on Truth Social that Western media spread AI-generated falsehoods about the conflict. Critics warn this risks press freedom amid low public support for the war.
President Trump is delaying his planned visit to China amid escalating tensions over Iran's blockade of the Strait of Hormuz. He urges China and other nations to help reopen the waterway, which is vital for global oil supplies, as US-Iran conflict intensifies. The US considers delaying the China trip if cooperation is not forthcoming.
China expressed concern over US trade investigations amid ongoing diplomatic preparations for President Trump's planned visit to China, which may be delayed. The talks in Paris focused on trade issues and the Iran war, with the visit being the first since 2017.
President Trump has postponed his planned visit to China from late March to late April due to ongoing military operations against Iran and the closure of the Strait of Hormuz. The trip, which aims to address trade and diplomatic issues, is now uncertain as tensions escalate in the Middle East.
President Trump has requested a delay of his planned trip to China amid escalating tensions in the Middle East and the Iran conflict. The postponement aims to allow the US to manage the war effort and address trade tensions, complicating US-China relations and upcoming diplomatic engagements.
The US threatens military action against Iran if it does not open the Strait of Hormuz within 48 hours, amid a de facto blockade that has halted traffic and driven oil prices above $100 per barrel. Iran warns of retaliation, while the war in the region continues to intensify.
Regional tensions escalate as Iran launches missile and drone attacks on Gulf states, including Saudi Arabia, UAE, and Qatar. Saudi Arabia warns Iran of military options, condemning attacks on civilian sites. Gulf nations discuss de-escalation amid fears of wider conflict. The US and allies monitor developments closely.
Global markets are reacting to ongoing Iran-U.S. tensions and recent attacks on energy infrastructure. Stock indices in Asia rose, while oil prices experienced volatility, reflecting fears of supply disruptions and potential de-escalation efforts. The situation remains fluid as diplomatic talks continue.
On March 19-20, 2026, the US Treasury announced plans to temporarily lift sanctions on approximately 140 million barrels of Iranian oil stranded at sea. This move aims to increase global oil supply and reduce soaring prices caused by Iran's closure of the Strait of Hormuz and ongoing conflict. The waiver would allow sales mainly to markets beyond China for 10-14 days, while the US also plans additional releases from its Strategic Petroleum Reserve.
Robert Mueller, former FBI director and special counsel who led the 2017-2019 Russia election interference investigation, died Friday at 81. His probe indicted 34 individuals but did not charge President Trump. Trump celebrated Mueller's death on social media, sparking widespread criticism. Mueller was praised for transforming the FBI post-9/11 and his commitment to the rule of law.
President Trump has threatened to destroy Iranian energy infrastructure if Tehran does not fully open the Strait of Hormuz. The US has launched military operations targeting Iran's military capabilities, while temporarily lifting some sanctions to manage oil prices amid regional tensions. The situation remains volatile as both sides prepare for further escalation.
Rising gas prices, driven by the Iran war, have increased costs for US, Canadian, and Australian drivers. Companies are offering incentives, but drivers face reduced earnings and higher expenses. The US IRS is urged to raise mileage deductions to offset costs.
Former President Trump recounted an anecdote about using a Sharpie marker during a Cabinet meeting, criticizing expensive pens and highlighting his preference for cost-effective tools. The story reflects his focus on cost-saving and his branding style, drawing social media reactions.
In a historic move, President Trump will have his signature on US dollar bills for the first time, coinciding with the 250th anniversary of American independence. The change reflects his influence on national institutions and is part of broader efforts to mark his legacy, including new military ships and cultural renamings.
Democratic senators and representatives are requesting communications from Treasury officials to determine if Elon Musk influenced the suspension of the Corporate Transparency Act, which aims to increase company ownership transparency. The law was paused after Musk posted on X, and lawmakers suspect his private companies may have benefited.
China has stated it is working with African countries to respond to the Middle East conflict, urging a ceasefire and international cooperation. Meanwhile, Vietnam's top leader is visiting China to strengthen ties, despite ongoing maritime disputes. US-China relations remain focused on stability and managing critical mineral supplies.
Anthropic has released its Mythos AI model to select firms, warning it can identify thousands of software vulnerabilities faster than humans. Governments and financial regulators in the US, UK, and Canada have convened urgent meetings to assess risks and coordinate defenses. The model’s power has sparked debate over cybersecurity threats and the need for controlled access.
The US and Iran have been engaging in diplomatic talks in Islamabad, aiming to extend a two-week ceasefire amid ongoing tensions over the Strait of Hormuz. Negotiations involve US proposals and Iranian demands, with regional security and energy supplies remaining at risk. The situation remains fluid as both sides consider future steps.
As of April 26, 2026, Cuba faces worsening energy shortages due to a US oil blockade following the removal of Venezuela's Nicolás Maduro. Cuban President Miguel Díaz-Canel has reiterated Cuba's sovereignty and readiness to defend against any US military aggression, rejecting demands for regime change. Despite ongoing high-level talks between Washington and Havana, tensions remain high with Cuba preparing for possible conflict.
Over 53 million taxpayers have claimed new deductions introduced by President Trump’s tax law, resulting in an average refund increase of 11.1%. Many workers report receiving thousands of dollars more, but confusion and delays have caused some to miss filing deadlines and increased scam risks. The IRS is also facing staffing challenges.
The UK and US are adjusting their economic policies amid the Iran war, which is causing global energy and financial instability. UK officials are expanding support schemes for businesses, while warning of rising costs and geopolitical risks affecting markets and energy supplies.
Tucker Carlson has expressed remorse for supporting Trump and criticizes his foreign policy, especially the Iran conflict. He describes feeling betrayed by Trump's shift from his anti-war promises and highlights internal conflicts within conservative media about the war's costs and motivations.
The UK chancellor has stated that recent US-led military actions against Iran have not made the world safer. She emphasizes the importance of diplomacy to prevent Iran from acquiring nuclear weapons and highlights the economic damage caused by the conflict, calling for de-escalation and reopening the Strait of Hormuz.
Russia has carried out its deadliest attack on Ukraine in 2026, launching nearly 700 drones and dozens of missiles overnight on April 15-16. The strikes have killed at least 17 people, including a 12-year-old boy in Kyiv, and injured over 100 across Kyiv, Odesa, Dnipro, and Zaporizhzhia. Ukraine is facing shortages of US-made Patriot missiles amid ongoing air defense efforts.
The US has announced new sanctions aimed at Iran's oil shipping sector, targeting a network linked to Iranian oil magnate Mohammad Hossein Shamkhani. The move is part of ongoing efforts to pressure Tehran amid tensions over the Strait of Hormuz and Iran's regional activities. These sanctions also target individuals connected to money laundering and Hezbollah financing. The measures come as the US seeks to limit Iran's revenue streams and influence in the region. Today’s date is Thu, 16 Apr 2026.
Oil prices have risen sharply as tensions escalate over the Strait of Hormuz. The US and Iran are engaged in a standoff that is disrupting global oil flows, with recent claims of open passage followed by attacks on ships. Markets remain volatile amid ongoing negotiations and military actions.
The US Treasury has extended a 30-day waiver allowing the purchase of Russian oil loaded onto ships by April 24, aiming to stabilize global energy markets amid the US-Israeli war on Iran and the closure of the Strait of Hormuz. Meanwhile, the US has ended the waiver for Iranian oil, enforcing a blockade that will force Iran to shutter production soon.
Venezuelan opposition leader Machado has visited Spain, meeting with opposition figures and avoiding talks with the government. She has received a warm welcome from conservative leaders, highlighting divisions within Venezuelan politics and contrasting her approach with that of the Spanish government, which emphasizes democratic sovereignty.
As of April 27, 2026, a global summit co-hosted by Colombia and the Netherlands has convened over 50 countries to discuss transitioning away from fossil fuels. The meeting responds to the ongoing Iran war and resulting energy crisis, emphasizing renewable energy expansion despite geopolitical tensions and economic challenges. Major fossil fuel producers like the US, China, and Saudi Arabia have not attended.
Global stock markets have rallied to new highs, driven by optimism over US-Iran peace talks and signs of economic resilience. The S&P 500 and Nasdaq have posted record streaks, while the chip sector continues its record-breaking rally, despite ongoing geopolitical uncertainties and recent war-related disruptions.
Russian drone and missile strikes have increased across Ukraine, targeting cities and infrastructure. Ukraine has responded with drone attacks on Russian territory, while international support and military aid are being reinforced. The conflict continues to escalate with ongoing casualties and damage.
The UAE has emphasized its financial resilience despite regional conflict and Iran's attacks. US officials have discussed potential financial support, including currency swaps, as the country faces economic pressures from the war and threats to its energy trade. Emirati officials deny needing external backing, citing trillions in assets.
The US Treasury has targeted 14 individuals and entities in Iran, Turkey, and the UAE for aiding Iran's weapons procurement. These sanctions come as US and Iranian officials are considering resuming talks, while regional tensions escalate with Iran's continued blockade of the Strait of Hormuz and ongoing military actions. The two-week ceasefire is set to expire soon, with US preparations for potential military escalation ongoing.