CAIRO/WASHINGTON, United States — Washington is set to unveil tougher economic measures against Iran on Monday, with U.S. Treasury Secretary Scott Bessent describing the planned action as the “single greatest financial offensive” ever assembled against an adversary. Iran has responded by threatening to stop oil exports through the Strait of Hormuz and elsewhere in the Persian Gulf.
टैग: Scott Bessent
Trump Says Iran Is Not Ready for the ‘Right Deal’ as War Drags On
WASHINGTON, United States — President Donald Trump said Friday that Iran was not yet prepared to reach what he described as the “right deal” with Washington, as the conflict between the United States, Israel and Iran continues to disrupt energy flows through the Strait of Hormuz.
Iran Warns of ‘Devastating’ Response to US Sanctions
DUBAI/WASHINGTON — Iran has warned of a “devastating” response to any new U.S. economic measures after Washington threatened what it described as the toughest financial penalties in history against Tehran and countries providing economic support to Iran.
Japan, US Confirm Joint Yen-Buying Intervention, Signal Readiness for More Action
Japan and the United States have confirmed that they carried out a coordinated intervention in the foreign exchange market to support the Japanese yen, marking the first joint currency operation between the two countries in more than a decade. Japanese authorities said they remain prepared to intervene again if necessary, underscoring growing concern over the yen’s prolonged weakness and its potential impact on global financial markets.
Scott Bessent’s To-Do List Suggests Possible US Plan to Buy $5–10 Billion in Japanese Yen
A notepad belonging to US Treasury Secretary Scott Bessent has drawn attention after a Reuters photograph captured during a Cabinet meeting at Camp David appeared to show a handwritten reminder about purchasing between $5 billion and $10 billion worth of Japanese yen. The image surfaced as reports emerged that the US Treasury had alerted banks about a possible intervention in the currency market.