Iran-US war latest: Trump accuses media of treason as US intel reportedly claims Tehran retains substantial missile capabilities Trump says reports that the ‘Iranian enemy is doing well’ are ‘false’ The Independent UK · May 12
Dollar steady as Middle East peace hopes recede Middle East conflict fears are keeping the U.S. dollar steady as oil prices climb. Investors worry about renewed hostilities and their impact on inflation, potentially delaying interest rate cuts. While diplomatic efforts show little progress, markets remain cautious, awaiting key U.S. inflation data and President Trump's China visit. The Economic Times · May 12
US issues new sanctions over Iran's oil shipments to China The U.S. has imposed sanctions on three individuals and nine companies, including entities in Hong Kong and the UAE, for facilitating Iran's oil shipments to China. This move aims to disrupt funding for Iran's Islamic Revolutionary Guard Corps and its weapons programs. The sanctions follow previous actions and precede a… The Economic Times · May 12
Middle East negotiations continue as US awaits Iranian response to latest peace proposal – as it happened Centcom says it has struck two tankers heading for Iran after Tehran warned Washington was violating fragile ceasefire; two days of ‘intensive talks’ between Israel and Lebanon slated as strikes continue in the region The Guardian - UK · May 9
Treasury expected to borrow $2 trillion this year to continue functioning—more than $166 billion every month "Markets will only tolerate our unsustainable borrowing for so long; the risk of a fiscal crisis gets higher as the days pass. We need deficit reduction urgently." Fortune · May 7
A year on from Liberation Day, Trump's tariffs have done 'significant damage' to the U.S. economy, says Moody's chief economist "Since that day, job growth has come to a standstill," Zandi says. Fortune · May 6
Top Trump advisers urge China to leverage Iran ties to reopen Strait of Hormuz to global traffic US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent have both expressed a need for China to leverage its tight relations with Tehran to reopen the strategic Strait of Hormuz for “their own interests”. Euronews · May 6
Argument over how to carry out Trump’s deportation ‘master plan’ got so heated that officials had to ‘clear the room,’ report says The fiery dispute centered on a proposal that would have allowed agents to enter homes without judicial warrants The Independent UK · May 5
Jamie Dimon blesses the trillion-dollar AI capex boom "The technology is so powerful, it's worth the trillion-dollar investment." Axios · May 5
Rachel Reeves and Scott Bessent ‘argued’ in Washington after chancellor’s Iran war criticism Ms Reeves reportedly hit back that she did not work for the US treasury secretary The Independent UK · May 5
No 10 does not deny Chancellor rowed with US counterpart in Washington meetings Rachel Reeves had a fierce confrontation with Scott Bessent when she visited the US capital for the IMF’s spring meetings, according to reports. Evening Standard · May 5
Rachel Reeves and Scott Bessent argued in person about Iran war, sources say UK chancellor said to have told US treasury secretary she did not like his tone during meeting in Washington in April The Guardian - UK · May 5
UK 30-year borrowing costs hit highest since 1998 amid oil price surge and political uncertainty – as it happened Long-term UK borrowing costs hit 28-year high on expectations of higher inflation, and speculation that local elections could prompt leadership challenge The Guardian - UK · May 5
Fortune · May 4 Trump’s former AI czar says the quiet part out loud on the economy: ‘Stopping progress in AI would be equivalent to halting the US economy’ With across-the-board job growth yet to materialize, AI investment is propping up economic activity.
Kiplinger · May 4 3 Ways Kevin Warsh Will Change the Fed The Senate has confirmed President Trump's nominee, and though he can't cut rates all by himself, there are three things Kevin Warsh can do to change the Fed.
International Business Times UK · May 4 Losing A Spouse Comes With A Tax Shock — The Hidden 'Widow's Penalty' Few See Coming Surviving spouses in the US face financial challenges due to the widow's tax penalty, impacting tax brackets, Medicare premiums, and Social Security.
Fortune · May 2 Warren Buffett says markets are like a church with a casino attached, but 'we've never had people in a more gambling mood than now' "But that doesn't mean that investing is terrible. It does mean that prices for an awful lot of things will look very silly."
The Times of India · Apr 30 'Strait of Trump': US President shares new map naming Hormuz after himself, says blockade could last months US President Donald Trump shared a modified map renaming the Strait of Hormuz as the "Strait of Trump," following claims that a naval blockade against Iran could last for months. This development occurs as Iran rejects US claims about economic damage and criticizes the blockade strategy, with its parliament speaker…
The Independent UK · Apr 30 Iran-US war latest: Trump again declares ‘we’ve already won’ as he pressures Tehran to make a deal President Donald Trump said even though the U.S. has ‘already won,’ he wants to win by a ‘bigger margin’
Fortune · Apr 28 OPEC shocker as UAE leaves oil cartel days after negotiating swap lines with Scott Bessent’s Treasury The petrodollar saga is taking another twist. The long, slow unraveling of the architecture that has governed global finance since 1974 continues.
The Independent UK · Apr 24 US won't renew Iranian and Russian oil waivers, Bessent says Treasury Secretary Scott Bessent says the U.S. does not plan a third renewal of a waiver allowing the purchase of Russian oil that is currently at sea
International Business Times · Apr 24 U.S. Freezes $344 Million In Crypto Tied To Iran Amid Escalating Regional Tensions The Trump administration has frozen about $344 million in cryptocurrency it says is linked to Iran, stepping up financial pressure on Tehran as tensions between the countries continue.
The Independent UK · Apr 24 US imposes sanctions on a China-based oil refinery and 40 shippers over Iranian oil The Trump administration is sanctioning a major China-based oil refinery and about 40 shipping companies
Axios · Apr 24 How a swap line for Persian Gulf allies would break with the past "Many of our Gulf allies have requested swap lines" and seemed receptive to their use, said Treasury Secretary Scott Bessent.