US Treasury Secretary Bessent says Iran has a significant shortage of dollars
Treasury Secretary Bessent's comments on Iran's dollar shortage may heighten concerns around sanctions and their impact on the country's economy.
US Treasury Secretary Bessent said he has no authority to use taxpayer dollars to buy the cryptocurrency, when asked by Senator Sherman asked if the Treasury could intervene to “bail out Bitcoin.”
Chinese President Xi says he's willing to work with US President Trump in the Chinese New Year, Xinhua reports
US Treasury Secretary Bessent says Iran has a significant shortage of dollars
[MARKET UPDATE] Upticks seen (but contained to) US equities following the US President Trump post in which he called the phone call with Chinese President Xi "excellent" and confirmed a trip to China in April; Modest strength seen in CNH
Trump on China: "Just completed an excellent telephone conversation with President Xi, of China. It was a long and thorough call, where many important subjects were discussed, including Trade, Military, the April trip that I will be making to China"
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
This could lead to increased volatility in oil prices as Iran plays a significant role in global energy markets, particularly if supply dynamics shift.
Related headlines
- Saudi Arabia reportedly sets October Arab light crude oil OSP to Asia at minus USD 2/bbl vs Oman/Dubai average, according to a pricing document1 hour ago
- US President Trump's administration is reportedly ratcheting up its fight to get more oil flowing from California, AP News reports2 hours ago
- US EQUITY OPEN: Dovish Waller helps push indices higher although AVGO guidance underwhelms3 hours ago
- US Daily Equity Opening News - MSFT to report quarterly Azure sales; AVGO and HPE fall on outlooks; SNOW surges on earnings beat3 hours ago
- US President Trump clarifies that Commerce Secretary Lutnick had Venezuela on his mind when he said nobody was killed, adds that 18 people were killed in Iran5 hours ago
- PRIMER - Today’s Fedspeak includes: Waller, Hammack, Goolsbee5 hours ago
- Ukrainian Navy says it struck a Russian support vessel in Sochi port5 hours ago
- US President Trump posts image of 20mln BPD through the Hormuz vs. 18mln BPD before5 hours ago
- Russian Deputy PM Novak says Russia's gas supplies to China will reach 50bln cubic metres this year, reports Tass5 hours ago
- Israeli Defence Minister Katz says the military will target all of Iran's infrastructure, including energy; an Iranian attack would free Israel from its existing limits6 hours ago
- [MARKET UPDATE] Gradual strength in the crude complex has put pressure on the fixed income space, with US equity futures also moving a touch lower; action which lacks a clear driver6 hours ago
- Russian President Putin says attacks on three oil refineries have been repelled; adds that Russia must respond in kind7 hours ago
- [MARKET ANALYSIS] European bourses tilt higher, Elliott reportedly pushes DTE GY to scrap TMUS merger; AVGO misses Q4 guidance estimates8 hours ago
- Iranian Chairman of the National Security and Foreign Policy Commission says the Strait of Hormuz cannot be opened without Iran’s will, IRIB reports8 hours ago
- [MARKET ANALYSIS] Crude takes a breather after a choppy mid-week; metals mixed8 hours ago
- [MARKET ANALYSIS] Yields slip off best levels as energy benchmarks edge lower; JGBs in focus following a GPIF meeting and BoJ sources8 hours ago
- Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement8 hours ago
- Iran reportedly threatened the US with a large-scale attack if Israel launches an attack on the Ali al-Taher ridge, southern Lebanon, Reuters reports citing sources8 hours ago
- India's Trade Minister says final trade agreement between US and India will be published as soon as the US can provide India with tariff advantages 9 hours ago
- Tehran Mayor says countries such as the UAE and Saudi Arabia, are trying to get closer to Iran and receive security guarantees; US guarantees have not been able to provide a credible response to maintain their security and sustainability, Mehr reports10 hours ago
The whole workspace, free to try.
Try it free