Treasury Secretary Scott Bessent declared in mid-April that the United States would not extend a waiver allowing the sale of Russian oil. Two days later, on a Friday evening, the Treasury Department quietly issued another 30-day reprieve. Ukraine’s president, Volodymyr Zelensky, condemned the waiver, saying, ”Every dollar paid for Russian oil is money for the…
President Trump said on Tuesday that the United States was considering offering financial support to the United Arab Emirates, an oil-rich ally that has been contending with economic fallout from the war in Iran. The war has damaged oil and gas infrastructure throughout the Middle East, dealing a blow to economies that rely on the…
Treasury Secretary Scott Bessent claimed on Tuesday that it was difficult to determine the actual causes of climate change, dismissing decades of science that has attributed global warming to the burning of fossil fuels. He instead called on international financial institutions to focus their attention on economic growth and alleviating poverty. The comments came in…
