PoliticsBessent says U.S. likely to announce Iran bank sanctions this week
U.S. Treasury Secretary Scott Bessent said Washington is likely to announce sanctions on banks this week as part of its economic campaign against Iran.

United States Secretary of the Treasury
United States Secretary of the Treasury (2025–)
| Born | 1962-08-21 · Conway, South Carolina |
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| Party | Republican |
| Offices |
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| Education | Yale University (BA) |
Portrait: United States Department of the Treasury · Public domain · Wikimedia Commons
What this person said on the record, as reported, newest first.

U.S. Treasury Secretary Scott Bessent said the United States and China should recognize their differences over artificial intelligence while exploring cooperation to reduce its risks and competing for AI supremacy.
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Reuters

Bessent said the United States and China should have no illusions as they both cooperate and compete on AI. During Xi’s September visit, Washington and Beijing agreed to start an AI dialogue and establish a communications channel to help defuse serious incidents.
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CNBC

The United States and China should recognize their differences on artificial intelligence while exploring cooperation to reduce the technology’s risks and competing for AI supremacy, Treasury Secretary Scott Bessent said Tuesday.
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Reuters

Treasury Secretary Scott Bessent holds a press conference for a fraud task force in St. Cloud, Minnesota.
TThe White House

Speaking at Ripple’s conference, U.S. Treasury Secretary Scott Bessent said crypto could help preserve the dollar’s leading position. He said SEC and CFTC action may fill the gap left by the Clarity Act’s failure while curbing crypto debanking.
CCoinDesk

Bessent cautioned Zelenskyy over allegations that the U.S. is slowing Starlink. The high-speed satellite internet service, provided by Elon Musk’s SpaceX, is critical to Ukraine’s defense.
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CNBC

Treasury Secretary Scott Bessent defended the Trump administration’s policies on Meet the Press after the president waived a sweeping Russia sanctions law and struck a diesel deal with Russian President Vladimir Putin.
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NBC News

In an exclusive Meet the Press interview, Treasury Secretary Scott Bessent does not definitively say whether Ukraine is a U.S. ally. His remarks follow Ukrainian President Zelenskyy’s claim that the U.S. government slowed Starlink, a critical satellite network Ukraine uses for defense.
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NBC News

In an exclusive interview with Meet the Press, Treasury Secretary Scott Bessent said an “energy supply shock” caused by the war in Iran is straining the U.S. economy and predicted that prices will come down afterward.
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NBC News

US Treasury Secretary Scott Bessent laid out a lengthy set of demands for the World Bank aligned with the Trump administration’s interests. They include lifting its ban on financing upstream oil and gas projects, directing resources toward deep-sea critical-mineral mining and changing procurement policies.
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Reuters
Reports that mention this person, by story.
U.S. Treasury Secretary Scott Bessent said Washington is likely to announce sanctions on banks this week as part of its economic campaign against Iran.

Treasury Secretary Scott Bessent brushed aside short-term bond movements as the 10-year Treasury yield surged, while praising the U.S. market. He said that what happens over a month does not matter.

US Treasury Secretary Scott Bessent said Washington wants to use sanctions to pressure Tehran into an agreement with the United States. He said the US would “economically asphyxiate” the regime and that his task was to make Iran want a deal.
U.S. Treasury Secretary Scott Bessent said Tuesday that Washington was likely to announce sanctions on a bank this week as part of its economic campaign against Iran.
Allies are questioning the US prescription for global growth as Bessent presents Trump’s economic pitch to the G20.
U.S. Treasury Secretary Scott Bessent takes part in a fireside interview on the sidelines of meetings bringing together finance ministers and central bank governors from G20 countries.

US Treasury Secretary Scott Bessent told Russian Finance Minister Anton Siluanov that Moscow would receive no “economic relief” until the Russia–Ukraine war ends, according to sources cited by Politico and Reuters. Their Asheville meeting focused on Donald Trump’s peace plan. Russia said they discussed financial and G20 cooperation, while a US official called the talks productive.
Japanese borrowing costs reached a 30-year high as the yen weakened to 160 per dollar on Tuesday and bond yields came under pressure. Traders were watching for a possible Japanese rate hike and potential intervention by Tokyo to support the yen, as mentioned by Bessent.

The United States did not join Japan’s efforts to shore up the yen without conditions. This week, Treasury Secretary Scott Bessent spelled out the terms, putting Japan under pressure to reassess its policy stance.
US Treasury Secretary Scott Bessent met Russian Finance Minister Anton Siluanov on the sidelines of the G20 gathering in Asheville, North Carolina. It was Siluanov’s first in-person attendance at a G20 meeting since President Vladimir Putin invaded Ukraine in 2022. Separately, Indian Prime Minister Narendra Modi urged Putin to end the war in Ukraine during a meeting in Kyrgyzstan.
