Treasury Secretary Scott Bessent pushed back on a CNBC reporter's characterization of global oil shortages Monday during an appearance on CNBC's "Squawk Box," arguing that some media coverage is ...

Iran’s Parliament Speaker Mohammad Bagher Ghalibaf in an image from archive. Iranian Parliament Speaker Mohammad Bagher Ghalibaf mocked the US administration’s strategy of naval blockade in the Strait ...

The US will not renew sanctions waivers for Iranian and Russian oil, ending temporary relief that allowed limited shipments and tightening its sanctions regime.

Treasury Secretary Scott Bessent told NBC's "Meet the Press" on Sunday that the temporary lifting of sanctions on Iranian oil is a political "jiu-jitsu" move against the Islamic Republic. KRISTEN ...

Treasury Secretary Scott Bessent warned on Wednesday that the United States is preparing to ramp up economic pain on Iran, saying the Republican administration is preparing action that will be the ...