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Scott Bessent Rejects Oil Markets Intervention As 'Rumor,' Points To Russian Sanctions Waiver As Short-Term Fix
Treasury Secretary Scott Bessent has officially dismissed speculation that the U.S. government will short oil futures to suppress surging energy prices, opting instead for a temporary easing of sanctions on stranded Russian crude to combat the supply shock ...
US threatens Iran with ‘financial equivalent’ of bombs
Treasury Secretary Scott Bessent says the US will squeeze Iran’s economy by reinstalling sanctions, targeting banks and customers flouting the ban.