Bessent, Russian oil
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Treasury Secretary Scott Bessent is betting billions that financial engineering can cool an overheating energy market, but analysts warn his “paper” intervention may trigger a chaotic “whipsaw” for global investors.
Republican Secretary of Treasury Scott Bessent reacts to the Supreme Court's ruling on tariffs and discusses Trump accounts for families. He also tells Jack Fink about the Texas economy.
Treasury Secretary Scott Bessent claimed Wednesday that Madrid “put American lives at risk” when it halted the U. S.
Bessent also predicted tariff rates would return to what they were before the Supreme Court ruled Trump’s sweeping global tariffs were illegal.
Trump threatens embargo against Spain amid Iran war.
Treasury Secretary Scott Bessent joined others in the Trump administration in decrying “fantastical media accounts” about Iranian counterstrikes on Wednesday morning. “The region is not on fire,” Bessent told CNBC.
Treasury Secretary Scott Bessent joins CNBC's "Squawk Box" to discuss the ongoing war in Iran, impact on oil prices, how U.S. will provide insurance to oil tankers in the Persian Gulf to get traffic moving through the Strait of Hormuz,
Treasury Secretary Scott Bessent said Iran fights on military and economic fronts as U.S. launches biggest bombing campaign against Iranian missile launchers and factories.