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News
Bessent predicts oil could plunge to $40-$50 after Iran conflict: ‘We are in the liftoff phase’
1+ week, 1+ day ago (479+ words) WASHINGTON, DC: Treasury Secretary Scott Bessent on Saturday, September 5, predicted that oil prices could fall to between $40 and $50 a barrel once the Iran conflict ends, while arguing that the US economy is gaining momentum ahead of the November midterm elections. In…...
Fact Check: Is JD Vance's claim $19 trillion in new investment entered the US true?
1+ week, 3+ day ago (472+ words) Speaking at the White House Briefing Room, JD Vance discussed inflation during the Biden administration and said the Trump administration was working to address its impact on Americans. Vance then discussed how high inflation became during the previous administration and…...
Scott Bessent vows to ‘asphyxiate’ Iran economically, warns of freezing regime’s offshore assets
1+ week, 5+ day ago (360+ words) WASHINGTON, DC: Treasury Secretary Scott Bessent didn’t hold back on Tuesday, September 1. He outlined a tough plan to squeeze Iran economically, making it clear the Trump administration stands ready to block banks, companies, and anyone else tied to Iran from using…...
'A gift from Venezuela': Trump reveals where the oil will go
2+ week, 14+ hour ago (504+ words) WASHINGTON, DC: President Donald Trump said on Sunday, August 30, that Venezuelan oil secured under his new deal with the country will be used to refill the Strategic Petroleum Reserve. The reserve had fallen to levels not seen since the 1980s earlier this…...
‘Entering endgame’: Bessent announces ‘economic D-Day’ for Iran as Tehran threatens ship seizures
3+ week, 1+ hour ago (577+ words) WASHINGTON, DC: With the US-Iran war still looming after both sides missed a 60-day ceasefire deadline, Treasury Secretary Scott Bessent has announced an “economic D-Day” against Tehran, signaling a major escalation in Washington's campaign to financially isolate the Middle Eastern nation....
Trump floats military ‘intervention’ in bond markets as Treasury yields soar
3+ week, 2+ day ago (333+ words) WASHINGTON, DC: President Donald Trump has floated the idea that the military might somehow step in to help control bond markets. He made the offhand remark just before getting on Air Force One on Friday, August 21, when reporters asked him about…...
JD Vance says US moves up to 15M barrels of oil through Strait of Hormuz despite Iran's blockade
3+ week, 2+ day ago (482+ words) WASHINGTON, DC: Vice President JD Vance pointed out that, despite Iran’s attempts to squeeze shipping through the Strait of Hormuz, the United States keeps oil moving. Tehran hasn’t managed to halt international energy trade. Some days, according to Vance, the US…...
Johnson reveals what he says is holding Trump's economy back
4+ week, 1+ day ago (414+ words) WASHINGTON, DC: House Speaker Mike Johnson said the Iran conflict has become the biggest obstacle facing the US economy, arguing that higher transportation, oil and gas costs could continue affecting grocery and fuel prices until the conflict settles down. Speaking during…...