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Two UAE-owned oil tankers were attacked while transiting the Strait of Hormuz, prompting condemnation from the UAE and other nations. In response, the US Treasury Secretary stated that the US would impose unprecedented measures on Iran.
US Treasury Secretary Bessent confirmed that the US supported Japan's intervention in the yen market to help stabilize Asia, despite the yen's continued struggles. Bessent noted that the yen's level was problematic for Japan and other currencies, with 155 emerging as the next key test for the currency.
US Treasury Secretary Bessent announced a plan to compensate America's Gulf regional allies using frozen funds, stating that 'Iran Will Pay' in a move to address tensions in the region.
片山財務大臣は、日本を訪れているアメリカのベッセント財務長官と会談しました。外国為替市場で日本が先月、市場介入を実施する中、最近の為替の動向などについて意見を交わし、片山大臣は日米間の連携についてアメリカ側から全面的に理解を得たと明らかにしました。
US Treasury Secretary Scott Bessent stated that the Trump administration is "winning this crucial fight at an even faster pace than anticipated" through "Operation Epic Fury," calling Iran the "head of the global terrorism snake."
US Treasury Secretary Bessent indicated on the 4th that the 10% tariff measure currently applied to a wide range of countries, including Japan, could be raised to 15% as early as this week.
The European Central Bank is reportedly angered by US Treasury Secretary Bessent's decision to sell Euros in order to support the Japanese Yen, calling it an "unprecedented breach."
Treasury Secretary Bessent stated that U.S. GDP growth can return to 3% before the end of the year.
US and Iranian officials have reportedly reached a tentative ceasefire deal, but its approval remains uncertain as it awaits a final decision from President Trump. The potential agreement has also influenced oil prices.
John Phelan, the US Navy Secretary, has been ousted from his position, with reports citing a clash with Pentagon leadership and the ongoing naval blockade of Iran as contributing factors. Hung Cao has been named as the interim US Navy Secretary following Phelan's departure.
Chinese FM responds US Treasury Secretary Bessent’s claims that US may lift sanctions on Iranian oil already at sea Global Times
US Treasury Secretary Bessent says oil market well supplied amid Iran war Reuters
US Treasury Secretary Scott Bessent confirmed that the US supported Japan's intervention in the yen market to help stabilize Asia, noting the yen's level was problematic and the intervention aimed to avert wider Asian instability.
Japanese Finance Minister Katayama met with US Treasury Secretary Bessent to exchange views on currency market trends. Katayama stated that Japan would take decisive action on the foreign exchange market and that the Japan-US agreement remained unwavering.
Japan's finance minister stated that US Treasury Secretary Bessent offered 'understanding' regarding Japan's yen policy following their meeting, as the currency continues to weaken.
US Treasury Secretary Scott Bessent has reiterated that the United States possesses 'plenty' of funds to finance a potential war with Iran, despite no formal funding request yet from the Trump administration, and promises Americans will not face tax hikes, with reports questioning if the conflict will end soon.
US Treasury Secretary Scott Bessent stated that the US may soon remove sanctions on Iranian oil stranded on tankers, an action he believes will increase oil supply and lower prices, though long-term effects remain uncertain.