Scott Bessent
U.S. is allowing Iranian tankers through Strait of Hormuz, says Bessent
The United States is allowing Iranian oil tankers to transit the Strait of Hormuz, Treasury Secretary Scott Bessent told CNBC in an interview Monday. “The Iranian ships have been getting out already, and we’ve let that happen to supply the rest of the world,” Bessent told CNBC’s Brian Sullivan. Tanker traffic through the Strait has […]
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Trump-Xi China summit may be delayed if Trump wants to stay in Washington for Iran war: Bessent
Treasury Secretary Scott Bessent said Monday that the meeting between President Donald Trump and Chinese Leader Xi Jinping could be delayed for logistical reasons during an appearance on CNBC’s “Squawk Box.” Trump suggested on Sunday that the summit could be delayed as the U.S. pressures China to help the U.S. reopen the Strait of Hormuz. […]
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Oil continues to rise, the Federal Reserve, Nvidia’s big week and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Monday. CNBC’s Brian Sullivan sat down with Treasury Secretary Scott Bessent this morning in Paris, where Bessent just met with his Chinese counterpart. The Cabinet secretary said that “logistics” could delay Trump’s planned trip to China later this month. Stock futures […]
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Trump signals possible delay to Beijing summit as U.S. pressures China to help reopen Strait of Hormuz
U.S. President Donald Trump prepares to greet Chinese President Xi Jinping ahead of a bilateral meeting at Gimhae Air Base on October 30, 2025 in Busan, South Korea. Andrew Harnik | Getty Images U.S. President Donald Trump said his planned trip to China later this month could be delayed as Washington sought to pressure Beijing […]
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U.S. and China economic chiefs meet in Paris to clear path to Trump-Xi summit
U.S. Treasury Secretary Scott Bessent gives a statement during the 56th annual World Economic Forum (WEF) meeting, at the USA House venue, in Davos, Switzerland, January 19, 2026. Denis Balibouse | Reuters Top U.S. and Chinese economic officials launched a new round of talks in Paris on Sunday to iron out kinks in their trade […]
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Pete Hegseth on Strait of Hormuz: ‘Don’t need to worry about it’
U.S. Secretary of Defense Pete Hegseth holds a briefing amid the U.S.-Israeli conflict with Iran, at the Pentagon in Washington, D.C., U.S., March 2, 2026. Elizabeth Frantz | Reuters Defense Secretary Pete Hegseth on Friday brushed aside concerns that the effective closure of the Strait of Hormuz because of the Iran war, which has spiked […]
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$100 oil, PCE data, MLB valuations and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. The U.S. launched 60 more trade investigations last night, as the Trump administration continues to look for ways to replace the president’s now-overturned duties. The new probes focus on forced labor trade practices. Stock futures are higher this morning after […]
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European stocks trade lower as oil prices stay above $100 a barrel
Oil prices surged about 20% on Monday as the U.S.-Israeli war with Iran continued, raising fears of prolonged disruptions to energy supplies. Anton Petrus | Moment | Getty Images LONDON — European stocks opened the week’s final trading session in negative territory, as investors continued to weigh the ongoing conflict in the Middle East and its lasting […]
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CNBC Daily Open: Russian oil draws a crowd
Tankers are seen off the coast of the Fujairah, as Iran vows to close the Strait of Hormuz, amid the U.S.-Israel conflict with Iran, in Fujairah, United Arab Emirates, March 3, 2026. Amr Alfiky | Reuters Hello, this is Leonie Kidd writing to you from London. Welcome to another edition of CNBC’s Daily Open. As […]
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CNBC Daily Open: A prolonged Iran war is on the horizon
Futures-options traders work on the floor at the New York Stock Exchange’s NYSE American (AMEX) in New York City, U.S., March 6, 2026. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters What you need to know today The Iran war is showing no signs of easing, with Tehran’s new Supreme Leader Mojtaba Khamenei saying Thursday that the […]
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