A view of commercial cargo vessels and crude oil tankers are anchored in the Gulf of Oman, off the coast of Muscat, Oman, on June 21, 2026, as they prepare to transit through the critical Strait of Hormuz. Shady Alassar | Anadolu | Getty Images Iran was behind an attack on a cargo ship near…
The Treasury Department will oversee Iranian funds when they are released under President Donald Trump‘s interim Iran agreement, Treasury Secretary Scott Bessent said Wednesday on CNBC’s “Squawk Box.” “A very large percentage of it will go to buy U.S. foodstuffs and medicines,” Bessent said, repeating what the president had said about how the unfrozen funds…
Commercial vessels and oil tankers preparing to transit through the Strait of Hormuz, one of the most critical strategic waterways for global trade flows, maintain their wait in the Gulf of Oman, on June 17, 2026. Shady Alassar | Anadolu | Getty Images Oil rose slightly early Tuesday, fluctuating as investors show cautious optimism about…
The U.S. on Monday authorized Iranian oil sales through August after “productive talks” between Tehran and Washington in Switzerland over the weekend, Treasury Secretary Scott Bessent said. “As part of the framework, Treasury has issued a temporary 60-day general license authorizing the production, delivery, and sale of Iranian oil,” Bessent said in a post on…
Acting U.S. Attorney General Todd Blanche speaks during a press conference hosted with U.S. Secretary of Homeland Security Markwayne Mullin on unaccompanied minors and prosecuting their sponsors, at the Justice Department, in Washington, D.C., U.S., June 11, 2026. Evelyn Hockstein | Reuters The Department of Justice rebuffed a federal judge’s request to attest in writing…
Acting U.S. Attorney General Todd Blanche listens to a reporter’s question during a press conference at the Department of Justice June 11, 2026 in Washington, DC. Win McNamee | Getty Images A federal judge in Virginia on Friday granted a longer block against the Department of Justice implementing a “Anti-Weaponization Fund,” saying that Acting Attorney…
A man views the Rasool al-Adham mosque from the corniche at Sultan Qaboos port in Oman’s capital Muscat on February 5, 2026. Loic Venance | Afp | Getty Images The Trump administration’s threats against Oman, a longtime U.S. ally, have thrown a country known for cultivating a reputation as the “Switzerland of the Middle East”…
Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a succinct snapshot of what I’m seeing and hearing from local businesses. Now that the Trump-Xi summit has helped keep tariffs in check, Chinese companies and U.S. representatives alike are making the most of an extended…
US Secretary of the Treasury Scott Bessent arrives at meeting of G7 Finance Ministers and Central Bank Governors in preparation for the summit of heads of State and government to be held in June 2026 in Evian, in Paris on May 18, 2026. Julien De Rosa | Afp | Getty Images Treasury Secretary Scott Bessent…
U.S. President Donald Trump (R) gestures to China’s President Xi Jinping as he leaves after a visit to Zhongnanhai Garden in Beijing on May 15, 2026. Evan Vucci | Afp | Getty Images Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a succinct snapshot…
