US Treasury Secretary Bessent says USD 14bln in gains for Iran from sanctions relief is a myth, treasury was able to unlock over 250mln barrels on the water with sanctions relief
The statement from Treasury Secretary Bessent downplays the financial gains attributed to sanctions relief for Iran, suggesting that there is considerable skepticism regarding the perceived benefits.
USTR Greer says they expect to use section 301 on digital issues if needed; to discuss digital services taxes with Europe later this week.
US President Trump has not set a timeline for an extension of a ceasefire, according to Reuters citing sources
US Treasury Secretary Bessent says USD 14bln in gains for Iran from sanctions relief is a myth, treasury was able to unlock over 250mln barrels on the water with sanctions relief
Iran reportedly has no plans to negotiate with the US on Friday, according to Tasnim
US Attorney Pirro says Fed investigation continues, appealing the decision of Judge Boasberg
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.
- Many gulf allies, some in Asia have requested swap lines.
- Swap lines are to maintain order in USD funding markets, prevent the sale of US assets in a disorderly way.
This could signal a shift in the U.S. stance towards sanctions and may influence geopolitical tensions in the region, impacting oil prices and currency valuation, particularly the USD. The mention of gulf allies seeking swap lines also points to concerns over market stability, which may affect liquidity in USD funding markets.
Related headlines
- US EQUITY OPEN: Indices in the red as US/Iran tensions escalate 5 hours ago
- US Midterm Update: Latest Polymarket pricing puts Democratic sweep at 50%; Republican midterm 2-day convention to start tonight3 hours ago
- Newsqawk European Market Wrap - 9th September 20265 hours ago
- Russian Kremlin spokesperson Peskov says Presidents Putin and Trump did not discuss the possibility of holding a new meeting at APEC, but there is an understanding that such a meeting could take place, Interfax reports7 hours ago
- US President Trump says after the election, oil prices will tumble lower; gasoline price will take a bit longer1 hour ago
- US Senator Slotkin says "We hear rumors that Trump is planning to allow Chinese cars to be sold in the U.S., as part of a larger deal"3 hours ago
- US President Trump says he thinks war with Iran will end immediately after the election1 hour ago
- Primer: US to sell USD 39bln of 10-year notes at 18:00BST/13:00 EDT3 hours ago
- Trump admin official says buyback increase of part of ongoing approach, reports Fox Business4 hours ago
- CRUDE WRAP: WTI (V6) SETTLES USD 3.02 HIGHER AT 96.05/BBL; BRENT (X6) SETTLES USD 3.29 HIGHER AT 101.21/BBL1 hour ago
- [MARKET UPDATE]: Yields rise, supporting the Dollar, weighing on stocks and spot gold after US Treasury announces it will buy a maximum USD 6bln in 10-20yr liquidity support buyback op. on Thursday4 hours ago
- Dow (DOW) reportedly weighs exit from USD 20bln Saudi chemicals venture8 hours ago
- Enbridge (ENB) reportedly to be near purchases of Pony Express from Tallgrass and to pay about USD 2bln24 min ago
- Salesforce (CRM) reportedly held talks to buy Listen Labs, an AI customer research platform, for USD 2bln, according to Business Insider42 min ago
- Updated Treasury Buyback Schedule: Maintains guidance from announcement that long dated buyback operations will be at least USD 4bln4 hours ago
- US Quarterly Services Survey (Q2 2026): +3% to USD 6,418.7bln5 hours ago
- OpenAI is reportedly projecting compute spending of c. USD 750bln through 2030 but still feels "really short" on computing power, NYT reports7 hours ago
- Alcoa (AA) files to sell USD 2.6bln senior unsecured notes due 2034 and 2036 with the funds to finance the South32 deal7 hours ago
- Analog Devices (ADI) and Alif Semiconductor today announced a definitive agreement under which ADI will acquire Alif in an all-cash transaction for USD 1.35bln7 hours ago
- EIA STEO: World oil demand 102.6mln BPD (prev. 102.7mln BPD), 2027 demand 105mln BPD (prev. 105mln BPD). 3 hours ago
The whole workspace, free to try.
Try it free