The United States has issued a 30-day general licence allowing access to certain Russian oil shipments, in a move aimed at stabilising global energy markets and ensuring continued supply flows amid ongoing geopolitical disruptions. US Treasury Secretary Scott Bessent confirmed that the temporary licence will facilitate access to Russian crude oil that is currently stranded […]
US Treasury
US expands Iran oil sanctions amid growing regional tensions
The United States has announced fresh sanctions against individuals and companies accused of helping Iran export oil to China, intensifying Washington’s economic pressure campaign against Tehran. The new restrictions target three individuals and nine companies allegedly involved in transporting and facilitating Iranian oil shipments through international financial and trading networks operating across multiple countries. According […]
US sanctions entities over alleged support to Iran arms efforts
The United States (US) has announced fresh sanctions against several individuals and companies accused of helping Iran acquire materials linked to weapons production. In a statement, the US Treasury Department said sanctions had been imposed on 10 individuals and entities allegedly involved in supporting Iran’s procurement networks. According to US officials, the targeted network assisted […]
Aurangzeb discusses energy and minerals with US Treasury officials
Pakistan’s Finance Minister Muhammad Aurangzeb held what officials described as a “productive” meeting with senior representatives of the United States Department of the Treasury in Washington, where both sides explored opportunities for cooperation in the energy and minerals sectors. Read More: Finmin meets IMF director, reaffirms commitment to reform agenda The meeting took place on […]
US ends waiver on India discounted purchases of Russian oil
WASHINGTON: The United States (US) has announced the termination of a waiver previously granted to India that allowed discounted purchases of Russian crude oil, marking a shift in Washington’s approach to energy-related sanctions. Read More: US approval for Russian oil sparks outrage from Indian opposition According to reports cited by an Indian publication, Indian rokefineries had placed orders for nearly […]
Trump’s signature to appear on US bills
US paper currency will feature President Donald Trump’s signature starting this summer, marking a historic first, the Treasury Department said. For the first time in 165 years, the signature of the US treasurer will be removed. The change comes as redesigned notes commemorate the 250th anniversary of American independence. The first $100 bills with Trump’s […]
Australia, India invited to G7 meeting on critical minerals: US Treasury
WASHINGTON: Australia, India, and several other countries have been invited to a G7 finance ministers’ meeting on critical minerals, US Treasury Secretary Scott Bessent said, amid growing Western efforts to reduce dependence on China for rare earths and other strategic resources. Read More: Modi unlikely to attend G7 summit in Canada amid ongoing diplomatic tension The […]
US hits Iran with new oil and shipping sanctions
Washington: The US Treasury Department’s Office of Foreign Assets Control (OFAC) imposed new sanctions on Iranian companies and shipping brokers supporting the country’s armed forces through oil sales. The move aims to curb funding for Iran’s nuclear weapons program and its support for terrorist groups. Treasury Secretary Scott Bessent said the sanctions are part of […]
US Strikes $20 Billion Currency Swap Deal with Argentina Amid Market Turmoil
WASHINGTON – The United States finalized a $20 billion currency swap line with Argentina on Thursday and directly purchased Argentine pesos, in what Treasury Secretary Scott Bessent called an “exceptional measure” to stabilize turbulent markets in the debt-laden South American nation. “US Treasury is prepared to take whatever exceptional measures are warranted to provide stability […]
Aurangzeb highlights Pakistan’s growth plan at IMF-World bank meetings
Finance Minister Muhammad Aurangzeb held several high-level meetings in Washington during the 2025 Spring Meetings of the IMF and World Bank. He met leaders from global institutions, including the IMF, World Bank, IFC, and US Treasury. The talks focused on Pakistan’s economic reforms, private sector growth, and climate resilience. In his meeting with IMF Managing […]