Bessent says Iran will have no oil on the water this week
U.S. Treasury Secretary Scott Bessent said Iran will have no oil on the water this week and no revenues, according to Axios.
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Scott Bessent Says Iran Could Have ‘Nothing Left to Trade’ in 2 Weeks as Oil Shipments to China Wind Down: 'The Score Is…'
Treasury Secretary Scott Bessent predicted that Iran’s remaining oil exports to China will conclude within the next two weeks, effectively leaving Iran in economic isolation. Bessent, in an interview with Fox News on Sunday, revealed that only approximately 15 million barrels of Iranian oil remain for delivery due to t
MNI ASIA OPEN: 20Y Highs for 10Y Yld, S&P Flash PMIs Surge
EXECUTIVE SUMMARY * MNI FED: Gov Barr: Base Case Is For Further Hikes: #83aa171c-7fc4-49fd-82f5-351bcb071d96 * MNI IRAN: Security Chief Says In No Rush To Negotiate: #5df7e2ac-e490-4920-91fd-84069fe559a3 * MNI IRAN: Pezeshkian Talks On Nuclear, Hormuz & US Stance In UN Address: #c9b6854d-8cab-47cb-8646-ce411062279c * M
Iran, Oman nearing final stage of Hormuz safe-route talks
Iran and Oman are reportedly in the final stage of talks on a temporary safe route in the Strait of Hormuz, with Iranian officials saying an agreement could come in coming days.
Bessent blames Ukraine, Iran conflicts for energy shock
Treasury Secretary Scott Bessent said Ukraine’s strikes on Russian energy assets and the Iran conflict are creating upward global price pressure during an energy shock.
Bessent says Hormuz could lose strategic importance in two years
Treasury Secretary Scott Bessent said new land-based pipelines could reduce reliance on the Strait of Hormuz within two years, calling it a less important oil route and linking the shift to U.S. pressure on Iran.
US: Strait Of Hormuz Traffic Normal
U.S. Secretary of Energy Chris Wright announced a significant shift in oil traffic through the Strait of Hormuz, after a preliminary agreement between the U.S. and Iran, aiming to resolve longstanding nuclear issues and reopen this vital waterway. Oil Traffic Through Strait Back To Normal, Says Wright In an interview w