US won't renew Iranian, Russian oil waivers, Bessent says

China is very happy that I am permanently opening the Strait of Hormuz. I am doing it for them, also - And the World. This situation will never happen again. They have agreed not to send weapons to Iran. President Xi will give me a big, fat, hug when I get there in a few weeks. We are working together smartly, and very well! Doesn’t that beat fighting??? BUT REMEMBER, we are very good at fighting, if we have to - far better than anyone else!!! President DJT

Treasury Secretary Scott Bessent suggested Tuesday that President Donald Trump’s tariffs could be restored as early as July, signaling a rapid pivot by the Trump administration after the Supreme Court struck down Trump’s IEEPA-based tariffs earlier this year, forcing the administration to turn to other trade authorities. "We had a setback at the Supreme ...

IMF chief Kristalina Georgieva warned Wednesday of difficult times ahead for the global economy if war in the Middle East is unresolved and oil prices stay high, adding that inflation risks could seep into food prices. “We must brace for tough times ahead” if the conflict persists, she told reporters at a press briefing during the International Monetary ...