Scott Bessent
1.4 million filers face tax refund delays amid IRS paper check phaseout
Tunyada Kongkapan | E+ | Getty Images A growing number of filers are facing tax refund delays amid a government-wide phaseout of paper checks. House Ways and Means Committee Democrats this week sent another letter to Treasury Secretary Scott Bessent, with “additional concerns” about roughly 1.4 million IRS notices sent to filers about refund delays […]
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Trump says oil and stock market reaction to Iran conflict not as severe as he expected
President Donald Trump said Thursday that neither the spike in oil prices nor the slump in the stock market during the Iran war were as bad he had anticipated. In a Cabinet meeting, Trump expressed confidence in the war effort and said the economic damage will reverse. Addressing Treasury Secretary Scott Bessent, the president said […]
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Oil prices are set to rise further as war in the Middle East escalates
In an aerial view, Marathon Petroleum Corp’s Los Angeles Refinery, one of the largest oil refineries in the North America, operates as gas prices rocket upward due to worldwide oil supply disruptions caused by the U.S. and Israeli attack on Iran, on March 10, 2026 in Carson, California. David McNew | Getty Images Oil prices […]
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U.K. confirms Iran fired two missiles at British-American base in Indian Ocean which failed to reach their target
The British Indian Ocean Territory (BIOT) or Chagos Islands (formerly the Oil Islands) is an overseas territory of the United Kingdom situated in the Indian Ocean, halfway between Africa and Indonesia. The largest island is Diego Garcia (area 44 km squared), the site of a joint military facility of the United Kingdom and the United […]
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U.S. issues 30-day sanctions waiver for sale of Iranian oil at sea
Ships line up in the Strait of Hormuz as seen from Khor Fakkan, United Arab Emirates, Wednesday, March 11, 2026. Altaf Qadri | AP The Trump administration on Friday issued a 30-day sanctions waiver for the purchase of Iranian oil at sea to ease energy supply pressures since the start of the U.S.-Israeli war on […]
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U.S. Treasury yields edge higher as Iran war drives inflation pressure
U.S. Treasury yields edged slightly higher in early Friday trading as investors continue to navigate growing uncertainty over how the Middle East conflict is impacting the economy. The 10-year Treasury yield — the benchmark for U.S. government borrowing — rose 1.7 basis points to 4.3%. The yield on the 2-year Treasury note, which is more sensitive to […]
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Oil falls as U.S. weighs releasing sanctioned Iranian crude to cool prices
Oil prices rose as much as 3% on Thursday after Iran attacked several energy facilities across the Middle East following a strike on its South Pars gas field. Dwayne Schnell | 500px Plus | Getty Images U.S. oil prices extended their decline after Treasury Secretary Scott Bessent said Washington may soon lift sanctions on Iranian crude […]
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Oil jumps over 3% as doubts linger over U.S.-backed plan to protect Strait of Hormuz shipping
Oil prices headed for weekly gains as of Friday, despite the U.S. issuing a 30-day license for countries to buy Russian oil and petroleum products at sea. Bloomberg Creative Photos | Bloomberg Creative Photos | Getty Images Oil prices jumped more than 3% on Tuesday as uncertainty lingered over a U.S.-led coalition to protect shipping […]
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CNBC Daily Open: Risk-off trade back on for oil
Hello, this is Leonie Kidd writing to you from London. Welcome to another edition of CNBC’s Daily Open. U.S. President Donald Trump continues to dominate the news cycle, and his latest round with reporters in the Oval Office has yielded more headlines and market moves this morning. It’s only Tuesday and already it’s been a […]
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S&P 500 futures are little changed after major averages rebound on easing oil prices: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, on Monday, March 16, 2026. Michael Nagle | Bloomberg | Getty Images S&P 500 futures were near the flat line Monday night after the major averages bounced in light of cooling oil prices. S&P 500 futures slipped 0.1%, while […]
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