Treasury Secretary Scott Bessent came to office blasting his predecessor for trying to re-engineer the world’s largest bond market. Last week he took a stab at it himself. By buying back a swath of long-term US debt, which will require selling more short-dated securities, Bessent said Thursday he’ll be doing “what I would call a Treasury twist.” It was …
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President Donald Trump is betting new sanctions, a naval blockade and ramped-up economic pressure against Iran’s trading partners can accomplish what thousands of bombs and missiles could not: force Tehran to accept a deal to end the war on US terms. But like other US efforts to force Iran into capitulation, there’s one main problem: …
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The United States Central Command (CENTCOM) said on Thursday the USS Boxer was deployed to the Arabian Sea, where the vessel is taking part in the ongoing naval blockade of Iran. Earlier today, the command announced the arrival of the USS George Washington aircraft carrier to the Arabian Sea as tensions with Iran remained elevated. …
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United States President Donald Trump could instruct the military to launch intensive strikes on Iran if his economic measures and pressure fail to yield results, Al Arabiya reported on Thursday, citing unnamed sources. According to the report, Trump told his negotiating team that he considers the chances of reaching a near-term agreement with Iran to be …
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US Treasury Secretary Scott Bessent made a fresh attempt to rein-in long-term borrowing costs from multi-year highs, sending Treasury yields and the dollar down. Just two weeks after releasing its planned schedule for buybacks this quarter, the Treasury Department on Wednesday said it’s “increasing, by at least double, the size of liquidity support buyback operations” for …
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Oil rose to the highest in almost three weeks, as US refiners ramped up crude consumption and a spat between the United Arab Emirates and Iran heightened regional tensions. Brent futures traded near $92 a barrel after the UAE said it was cutting all economic ties with Tehran after accusing Iran of firing ballistic missiles at its …
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A Ukrainian drone strike targeted an oil refinery in Ufa, the capital of the Republic of Bashkortostan in Russia, Governor Radiy Khabirov reported on Wednesday. Bashkortostan is located between the Volga River and the Ural Mountains in eastern Europe. “We have significantly strengthened our oil refining hub,” Khabirov said in his address. “The attack was small: …
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Zaye Capital Markets, asked in a market analysis released on Tuesday. Will oil prices keep rising as Iran tensions threaten global crude supply? This was the question Naeem Aslam, CIO at Answering the question, Aslam noted that the wider oil ecosystem remains conflicted because supply risk is colliding with softer global demand expectations. “International supply …
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Iran is considering expanding its military targets to Europe if Washington escalates the current conflict, the Financial Times reported, citing people close to the authorities. Military planners have reportedly evaluated options that include striking United States assets in southeastern European countries like Bulgaria and Cyprus, and also considered cutting subsea fiber-optic cables in the Strait …
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Trump says Strait of Hormuz is open to shipping, Iran denies this Vessel hit by unknown projectile in Hormuz, leaving one crew casualty, UKMTO says Iran’s Qalibaf says reopening of strait hinges on ending port blockade, sanctions and military threats DUBAI/WASHINGTON, Aug 18 (Reuters) – U.S. President Donald Trump said on Tuesday no talks were …
Continue reading “Trump says no talks planned with Iran, Tehran says Strait of Hormuz still shut”