US Treasury

The US military struck over 80 targets in Iran, including Islamic Revolutionary Guard Corps boats and defense systems, following attacks on tankers in the Strait of Hormuz. The US revoked a license allowing Iran to sell oil internationally, escalating tensions amid a fragile ceasefire.

Iran's Foreign Ministry accuses the US of breaching Article 10 of a memorandum of understanding by revoking a temporary oil sanctions waiver. The ministry criticized the US Treasury's decision as a 'clear violation' and evidence of 'bad faith,' while also blaming the US for repeated violations, including through Israeli actions against Lebanon.

Sam Altman proposes a 5% government stake in OpenAI, offering $320 per household. The US Treasury compares the AI market to the dotcom bubble, while Samsung reports record profits from AI chips and Illinois enacts a strong frontier AI law.

The U.S. Treasury released currency featuring the signature of Donald Trump for the Fourth of July. Traditionally, U.S. paper currency includes the signatures of the treasury secretary and the U.S. treasurer, not the president.

Treasury Secretary Scott Bessent previewed new U.S. currency featuring President Trump's signature, set to circulate for the nation’s 250th birthday. The $100 bill includes both their signatures, as shared on Trump’s Truth Social account.

Treasury Secretary Scott Bessent announced the introduction of U.S. dollar bills featuring President Donald Trump’s signature to commemorate the nation’s 250th birthday. The move aligns with Trump’s efforts to imprint his name on institutions, including the U.S. Institute of Peace and the John F. Kennedy Center for the Performing Arts, though a court later removed his name from the latter.

The U.S. Treasury imposed sanctions on individuals and companies linked to the Jalisco New Generation Cartel for a fuel theft and tax evasion scheme generating millions annually. Treasury also issued an alert to financial institutions about red flags for fuel smuggling from the U.S. into Mexico, as the cartel expands beyond drug trafficking.

Iranian state media claimed a foreign ship ignored designated routes in the Strait of Hormuz, but the vessel, identified as the Arista, is linked to Iran and previously operated under a sanctions-targeted network. The ship, formerly known as the Panama-flagged Gauja, has been stuck in Iranian territorial waters since March, according to tracking data.

Iran claimed a foreign ship ran aground in the Strait of Hormuz for ignoring designated routes, but the vessel, identified as the Arista, is linked to Iran and operated under false flags. The ship, previously known as the Panama-flagged Gauja, was sanctioned by the U.S. Treasury for an oil smuggling network tied to Iran’s elite.

Iran has exported 50 million barrels of crude oil since the US lifted its naval blockade on Iranian energy exports. TankerTrackers.com reported this figure, noting an average of 1.66 million barrels per day in June 2026, following a 60-day authorization from the US Treasury effective through 21 August.

The U.S. Treasury imposed sanctions on two Mexican men and nine companies linked to fuel theft and tax evasion for the Jalisco New Generation Cartel, while issuing a bank alert to identify fuel smuggling red flags. Treasury Secretary Scott Bessent emphasized the cartel's expansion beyond drug trafficking to generate revenue.

The U.S. Treasury imposed sanctions on two Mexican men and nine companies linked to the Jalisco New Generation Cartel for involvement in a fuel theft ring. It also issued a bank alert highlighting red flags for fuel smuggling and tax evasion schemes. The Treasury Secretary emphasized the cartel’s expansion beyond drug trafficking, while the DEA noted its presence in 21 Mexican states.

The U.S. Treasury imposed sanctions on two Mexican men and nine companies linked to the Jalisco New Generation Cartel (JNGC) for involvement in a fuel theft ring evading Mexican taxes. Treasury also issued a bank alert to financial institutions warning of fuel smuggling schemes tied to the cartel, which has expanded beyond drug trafficking to generate revenue.

US Treasury Secretary Scott Bessent urged oil and gas companies to lower prices, following Donald Trump's criticism of slow price reductions. Bessent emphasized that authorities are monitoring the situation and encouraged companies to act responsibly.

U.S. Treasury yields remained largely unchanged as investors anticipated key jobs data and observed a fragile pause in hostilities between the U.S. and Iran.

Ian Dixon, a sanctioned member of the Kinahan cartel, was spotted playing padel in Dubai. The US Treasury sanctioned Dixon in 2022 for his role in the cartel's drug trafficking and money laundering operations. The article reveals his alias in Dubai and links to an associate recently extradited to Scotland.

The Trump administration, along with the US Treasury and commerce department, requested OpenAI to limit the distribution of its new GPT 5.6 model to vet users. The government offices sought a staggered release to address potential concerns.

US House Foreign Affairs Committee Chairman Brian Mast and US Treasury Secretary Scott Bessent warned that the US is the 'superhero' and China the 'supervillain' in the global AI leadership race, with concerns that China is eroding the US' early advantage.

Iran's top negotiator Mohammad Bagher Ghalibaf rejected U.S. claims that Iran's unfrozen assets will be used to purchase U.S. agricultural products. U.S. Treasury Secretary Scott Bessent and President Donald Trump made the claim, to which Ghalibaf responded with a sarcastic remark about U.S. exports and mistrust.

Massachusetts is considering not opting into a federal scholarship tax credit program that could provide $2.2 billion annually for educational supports, with critics labeling it a voucher program but advocates arguing it benefits public school students. Refusing the program would mean losing funds to other states or the Treasury.

The US has announced a 60-day reprieve from sanctions on Iran, allowing temporary oil and petrochemical trade, but dismantling decades of sanctions faces legal, political, and commercial challenges. The interim deal requires coordination with Congress, international bodies, and private-sector entities, with some sanctions tied to laws that only Congress can amend. Republican lawmakers have criticized the move.

U.S. shoppers are projected to spend $26.3 billion during Amazon’s Prime Day, a 9% increase from last year. The U.S. Treasury issued a 60-day license for Iran to sell oil, easing sanctions amid negotiations. Benny’s Car Wash opened its 10th location in the Greater Baton Rouge area, offering car wash services and a convenience store.

Vice President JD Vance stated that talks with Iranian officials in Switzerland established a 'good foundation' for ending the U.S.-Israel-Iran war, with progress on securing the Strait of Hormuz and a Lebanon ceasefire. The U.S. Treasury announced a 60-day sanctions waiver for Iranian oil imports, while Trump's distant comments briefly disrupted negotiations.

Vice President JD Vance stated that talks with Iranian officials in Switzerland created a 'good foundation' for a deal to end the war between the U.S. and Israel with Iran. The discussions focused on mechanisms to secure the Strait of Hormuz and a ceasefire in southern Lebanon, alongside a U.S. Treasury action to waive sanctions on Iranian oil imports.

Vice President JD Vance stated that talks with Iranian officials in Switzerland established a 'good foundation' for ending the war initiated by the U.S. and Israel in late February. The negotiations included agreements on an interim deal, a 60-day U.S. Treasury license waiving sanctions on Iranian oil, and potential unfreezing of Iranian assets for purchasing U.S. agricultural products. Technical discussions continue despite challenges from Trump's controversial remarks.

US treasury secretary Scott Bessent reportedly advised Donald Trump not to host Volodymyr Zelenskyy in the Oval Office, referring to the Ukrainian president as a 'little fucker', 'special-needs child', and 'Mr Bean on crack' according to a new book. The claims appear in 'Regime Change', a book by New York Times reporters Maggie Haberman and Jonathan Swan.

The U.S. Treasury imposed sanctions on Lebanese officials and members of the Alaa Hassan Hamieh business network for obstructing Lebanon’s peace process and delaying Hezbollah’s disarmament. The sanctions also target individuals in Lebanon, Syria, Iraq, and Oman who raise funds and operate front companies to support Hezbollah, an Iran-backed militant group.

President Donald Trump and Iranian President Masoud Pezeshkian signed a U.S.-Iran agreement at the G7 summit, ending a naval blockade and allowing sanctions waivers for Iranian oil sales. The deal includes a $300 billion investment in Iran's reconstruction but leaves unresolved issues like sanctions schedules, frozen assets, and Iran's nuclear program. The agreement faces bipartisan criticism in Congress for potentially strengthening Iran and weakening U.S. allies.

The U.S. Treasury did not extend a sanctions waiver for Russian seaborne oil, which expired at midnight. President Donald Trump and administration officials did not clarify if the sanctions would be re-imposed.

A report from the Advancing American Freedom Foundation argues that President Donald Trump's 2025 global tariff policy failed to revive U.S. manufacturing and instead led to job losses, estimating up to 1 million fewer jobs nationwide. The analysis found manufacturing lost roughly 75,000 positions in the policy's first year, with tariffs described as a 'tax on high-end American manufacturing' due to reliance on imported components.

Former US Treasury secretary Henry Paulson warns that US-China ties could spiral into broader conflict due to deepening distrust and strategic competition in trade, technology, and security.

The US Treasury has eased legal restrictions on Venezuela licenses. A mural in Caracas depicts an oil pumpjack on a Venezuelan flag, as reported by AFP/Getty Images.

The US is considering using Iranian funds to help Gulf states rebuild after damage inflicted by Iran, according to a source. This move could complicate ongoing peace talks, which have stalled over the release of frozen Iranian assets.

US Treasury Secretary Scott Bessent is considering redirecting frozen Iranian assets to fund Gulf states' reconstruction efforts following damage caused by Iran, according to reports. The Treasury is assessing damage and potential asset use, while an Iranian official linked a peace agreement to the release of $24 billion in frozen assets.

The US Treasury imposed sanctions on Iran, targeting four crypto exchanges. The sanctions follow the seizure of nearly $1 billion in crypto from Iranian crypto exchanges and wallets since late February.

The US Treasury's Office of Foreign Assets Control sanctioned Iranian crypto exchanges, including Nobitex, for enabling illicit finance activities linked to terrorist financing. The action targets Iran's crypto ecosystem to disrupt illegal financial flows.

US Treasury Secretary Scott Bessent stated the US has seized approximately $1 billion in Iranian cryptocurrency assets, doubling the previously disclosed amount from late April.

A proposal for a new US$250 bill featuring US President Donald Trump's image was reported, marking the first time a living person's face would appear on US currency in 150 years. The initiative is described as part of efforts to place a personal mark on national institutions.

The US Treasury secretary rejected the 'doomer view' of conflicting economic data, noting that lower savings rates might reflect consumer confidence or spending driven by stock-market gains. The White House faces challenges in addressing inflation fueled by oil prices amid a stable jobs market and revised downward economic growth, complicating the Federal Reserve's path under new Chair Kevin Warsh.

The White House is urging Congress to approve a $250 bill featuring Donald Trump's portrait to commemorate the US's 250th anniversary, requiring a change in federal law that prohibits living individuals on currency. Democrats have pledged to oppose the proposal.