Treasury Secretary Scott Bessent will hold a press conference Monday to announce sanctions against Iran that he described to CNBC as the greatest campaign of “coordinated economic isolation in the history of the world.” “At dawn begins an economic D-Day — the single greatest financial offensive ever marshalled against an adversary,” Bessent said in an opinion piece…
Fiber optic cables feed into switches inside a communications room at an office in London, UK, on Monday, Oct. 13, 2025. Photographer: Jason Alden/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images A small power plant in the U.K. was shut down for four days in July following a cyberattack carried out by hackers…
Veiled pro-government supporters carrying flags take part in a ceremony commemorating the memory of Iran’s late Supreme Leader Ayatollah Ali Khamenei at the Imam Khomeini Grand Mosque in downtown Tehran, Iran, on August 18, 2026. (Photo by Morteza Nikoubazl/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Iran maintained its harsh rhetoric Saturday against…
POWER POINT What I’m hearing from energy insiders Greetings from Colorado, where I had the opportunity to do a nearly hour-long chat with the Chair of the Federal Trade Commission. While most of the conversation with Andrew Ferguson was about A.I. and Big Tech, we did venture a little bit into energy vis-à-vis Europe and…
U.S. Vice President JD Vance speaks to members of the media before boarding Air Force Two, after the U.S. and Iran held high-level talks at the Lake Lucerne Summit, at Emmen Military Air Base June 22, 2026 in Emmen, Switzerland. Nathan Howard | Getty Images Economic pressure is the United States’ “most effective tool” against…
Oil moved higher Thursday after Treasury Secretary Scott Bessent said the U.S. will impose the toughest sanctions in history against Iran. “We have the blockade and we are going to have the toughest sanctions in history,” Bessent told CNBC in an interview. “This will work. It worked in Venezuela once we put up the blockade….
US President Donald Trump delivers remarks during a meeting with cryptocurrency executives in the Roosevelt Room of the White House in Washington, DC, on Aug. 19, 2026. Jim Watson | AFP | Getty Images President Donald Trump said the U.S. will launch what he called the “most crushing economic operation ever taken against any country”…
Iran has considered attacking U.S. military targets in Europe if the war escalates, the Financial Times reported Wednesday, citing two regime insiders. U.S. assets in Bulgaria and Cyprus were weighed as potential targets, according to the FT’s report. CNBC has reached out to Iran’s Military of Foreign Affairs for comment and has not independently verified…
A woman rolls a baby stroller past a replica of the Soviet RDS-4 nuclear bomb installed in memory of its creators in a park in Moscow on July 29, 2026. Alexander Nemenov | Afp | Getty Images For decades, allies worldwide rested in the comfort of the U.S. nuclear umbrella, confident they didn’t need their…
Against a backdrop of persisting inflationary pressures, yields on longer-term bonds have been climbing, which experts say is likely to keep borrowing costs elevated — particularly for long-term fixed-rate loans such as mortgages. The yield on the U.S. 30-year Treasury bond hit 5.323% on Tuesday, a 19-year high, before edging down to just below 5.3%….
