Scott Bessent pops up in talks on currency swaps for Gulf/Asian allies amid Iran war fallout; ex-Soros PM and founder of Key.
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 April 28, 2026, FCC Chair Brendan Carr has issued warnings to US broadcasters that they must "correct course" on coverage of the US-Israel war with Iran or risk losing their licenses. This follows President Trump's accusations on Truth Social that Western media outlets are spreading AI-generated falsehoods about the conflict. Critics have condemned Carr's threats as a risk to press freedom during a deeply unpopular 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.
Since the latest clash, oil markets have remained volatile with Brent crude around $100+ per barrel. The Strait of Hormuz remains blocked by Iran, prompting US talks and preparations for possible naval and diplomatic action. Trump has pressured NATO allies while considering options to reopen the strait; Iran has vowed to target regional energy infrastructure.
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.
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.
Anthropic has released the Mythos model to a limited group of firms under Project Glasswing and has warned it can find thousands of software vulnerabilities faster than humans. Regulators and finance leaders in the US, UK, EU and Canada have convened urgent meetings, wargames and briefings to assess risks and coordinate defensive access and rules.
As of April 28, 2026, Cuba is facing severe economic and energy crises worsened by 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. Meanwhile, secret negotiations between Washington and Havana are addressing longstanding property claims by Cuban exiles whose assets were seized after the 1959 revolution.
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.
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.
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.
A Colombia‑ and Netherlands‑hosted summit in Santa Marta has convened more than 50 countries (April 24–29) to open political debate on phasing out oil, gas and coal. Organisers are focusing on renewable energy, energy security and finance while major producers such as Saudi Arabia and some large economies are not attending.
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.
Since late April 2026, Russia and Ukraine have been exchanging sustained drone and missile attacks that have killed civilians, damaged ports, hospitals and housing, and struck energy infrastructure on both sides. Overnight into 5 May, strikes have hit Ukrainian energy facilities and cities and Ukrainian forces have struck major Russian oil and industrial sites.
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.
US Treasury Secretary Bessent has announced that the US and allies in the Gulf and Asia are requesting currency swap lines to stabilize markets during the ongoing Middle East conflict. The US is considering extending swap facilities to countries like the UAE and Argentina to prevent disorderly asset sales and support energy markets. This follows recent support for Argentina and sanctions relief for Russian oil, with ongoing debates about the political implications of these moves. The story is current as of Thu, 23 Apr 2026.
The U.S. government has launched a crackdown on online scam centers across Southeast Asia, sanctioning a Cambodian senator and 28 others for operating fraud networks that target Americans. The operation includes seizing assets, shutting down online channels, and seeking extraditions of Chinese nationals involved in cryptocurrency scams. The effort aims to dismantle illicit operations linked to human trafficking and cybercrime.
The administration has launched new investigations into forced labor and overproduction that could bring tariffs. Hearings are under way, with business groups warning costs will pass to consumers while supporters argue the measures will protect workers and boost domestic production. Refunds are being issued for previously deemed illegal tariffs, but the impact on prices and supply chains remains uncertain.
The US Treasury has imposed sanctions on Hengli Petrochemical and about 40 shipping firms, targeting Iran's oil trade. Hengli, a major Chinese refinery, has purchased Iranian crude since 2023, generating hundreds of millions for Iran's military. The move aims to tighten Iran's oil exports amid rising global tensions.
The Treasury has designated 35 entities and individuals tied to Iran’s shadow banking networks, aiming to disrupt illicit oil sales and funding for the IRGC. The move also targets Chinese teapot refineries involved in Iran oil imports, warning financial institutions of severe sanctions for facilitating such toll payments through the Strait of Hormuz. This follows ongoing tensions and a hardening stance on Tehran.
The Federal Reserve has decided that Chair Jay Powell will stay on the board after his term ends, to preserve independence amid political pressure. The move follows a tense policy cycle with inflation still high and growth slowing.
The United States has said it does not want destabilizing events around Taiwan. Rubio has noted a topic of conversation with Taiwan will continue, and both nations understand stability is in their interests. Trump is set to visit Beijing in mid-May as Beijing maintains Taiwan is a core concern in its relations with Washington.
President Trump has travelled to Beijing for a two-day summit with Xi Jinping (May 14–15, 2026). Talks have focused on the Iran war and reopening the Strait of Hormuz, narrow U.S. trade deals for soybeans, Boeing jets and energy, and U.S. arms sales to Taiwan; a large $11bn Taiwan package remains pending Congress approval.
Fed policymakers have maintained rates while considering the impact of Iran’s war on energy prices and inflation. Dissenters warn a bias toward easing may be inappropriate if the economy weakens, signaling potential rate adjustments depending on the energy shock.