Iran sanctions pressure has intensified after US Treasury Secretary Scott Bessent claimed Tehran’s leadership is showing signs that Washington’s new economic campaign is working. Iranian officials rejected that assessment, while oil prices fell despite continuing US-Iran tensions.
Bessent claim focuses on Iranian leaders
Bessent said on
Iran sanctions pressure has intensified after US Treasury Secretary Scott Bessent claimed Tehran’s leadership is showing signs that Washington’s new economic campaign is working. Iranian officials rejected that assessment, while oil prices fell despite continuing US-Iran tensions.
Bessent claim focuses on Iranian leaders
Bessent said on
US Iran sanctions have triggered a fresh diplomatic clash after Tehran accused Washington of using economic pressure to force countries into compliance. The dispute comes as President Donald Trump says mines have been cleared from the Strait of Hormuz while Iran and Oman discuss a temporary shipping corridor.
Iran row grows over US economic pressure
US Iran sanctions have triggered a fresh diplomatic clash after Tehran accused Washington of using economic pressure to force countries into compliance. The dispute comes as President Donald Trump says mines have been cleared from the Strait of Hormuz while Iran and Oman discuss a temporary shipping corridor.
Iran row grows over US economic pressure
ALEXANDRIA, Va. — A federal judge has kept the Trump administration’s proposed $1.776 billion Anti-Weaponization Fund on hold after senior officials declined to provide sworn assurances that the program had been abandoned.
U.S. District Judge Leonie M. Brinkema issued a preliminary injunction on Friday, June 12, 2026, barring the Justice and Treasury departments from creating, financing or operating the fund. The order
ALEXANDRIA, Va. — A federal judge has kept the Trump administration’s proposed $1.776 billion Anti-Weaponization Fund on hold after senior officials declined to provide sworn assurances that the program had been abandoned.
U.S. District Judge Leonie M. Brinkema issued a preliminary injunction on Friday, June 12, 2026, barring the Justice and Treasury departments from creating, financing or operating the fund. The order
Treasury Secretary Scott Bessent has outlined the administration’s new approach to the H-1B visa programme, describing it as a targeted effort to bring in temporary foreign specialists who will train American workers rather than replace them. His remarks came during a televised interview in which he emphasised that the policy is intended to support the rebuilding of domestic manufacturing, shipbuilding capability, and semiconductor production after years of industrial decline.
Bessent said the redesigned system is centred on the idea of “knowledge transfer,” where overseas experts are invited to the United States for a limited period to help restore technical capacity in critical sectors. According to him, the administration views this model as essential to equipping American workers with advanced skills that have diminished as supply chains and production moved abroad. He explained that the visa structure is meant to ensure that expertise flows into the country long enough for domestic workers to learn the required competencies before the foreign specialists return home.
Addressing recurring concerns that increased reliance on foreign talent could displace American employees, Bessent maintained that the policy does not threaten domestic job opportunities. Instead, he argued that the United States currently lacks specialized talent in areas that have not been active on American soil for many years. He noted that industries such as shipbuilding and semiconductor fabrication require highly technical knowledge, which is more readily available in countries that have continued to develop those sectors. In his view, bringing in experts to train Americans is necessary for rebuilding industrial strength, not a means of outsourcing jobs.
The comments followed President Donald Trump’s recent statements explaining that the country needs temporary foreign experts to accelerate the transfer of technical skills. The president said the United States does not currently have enough workers with the precision training required for advanced manufacturing, adding that it would be unrealistic to expect individuals without experience to instantly take on tasks such as missile production or microchip engineering. Both Trump and Bessent described the policy as a practical step toward reducing long-term dependence on imports by cultivating a stronger domestic workforce.
Bessent also discussed broader elements of the administration’s economic agenda, including ongoing talks about a potential USD 2,000 tariff rebate for families earning less than USD 100,000 annually. He said the proposal is part of an effort to ensure that households directly benefit from trade policies designed to strengthen national competitiveness. The rebate, he added, is one component of the administration’s push to align the interests of Wall Street and Main Street, a vision he referred to as “Parallel Prosperity.”
Looking ahead, the Treasury secretary predicted that 2026 could become a milestone year for the United States economy if the administration’s policy framework succeeds in restoring industrial capacity and stabilizing financial markets. He emphasized the importance of maintaining a deep and liquid Treasury market, suggesting that economic growth will depend on strong foundations that support both investment and employment. Throughout the interview, Bessent portrayed the H-1B reform as a crucial part of that broader plan, arguing that rebuilding the nation’s industrial base requires a temporary infusion of global expertise to ensure Americans can take full ownership of high-skilled jobs in the future.
Treasury Secretary Scott Bessent has outlined the administration’s new approach to the H-1B visa programme, describing it as a targeted effort to bring in temporary foreign specialists who will train American workers rather than replace them. His remarks came during a televised interview in which he emphasised that the policy is intended to support the rebuilding of domestic manufacturing, shipbuilding capability, and semiconductor production after years of industrial decline.
Bessent said the redesigned system is centred on the idea of “knowledge transfer,” where overseas experts are invited to the United States for a limited period to help restore technical capacity in critical sectors. According to him, the administration views this model as essential to equipping American workers with advanced skills that have diminished as supply chains and production moved abroad. He explained that the visa structure is meant to ensure that expertise flows into the country long enough for domestic workers to learn the required competencies before the foreign specialists return home.
Addressing recurring concerns that increased reliance on foreign talent could displace American employees, Bessent maintained that the policy does not threaten domestic job opportunities. Instead, he argued that the United States currently lacks specialized talent in areas that have not been active on American soil for many years. He noted that industries such as shipbuilding and semiconductor fabrication require highly technical knowledge, which is more readily available in countries that have continued to develop those sectors. In his view, bringing in experts to train Americans is necessary for rebuilding industrial strength, not a means of outsourcing jobs.
The comments followed President Donald Trump’s recent statements explaining that the country needs temporary foreign experts to accelerate the transfer of technical skills. The president said the United States does not currently have enough workers with the precision training required for advanced manufacturing, adding that it would be unrealistic to expect individuals without experience to instantly take on tasks such as missile production or microchip engineering. Both Trump and Bessent described the policy as a practical step toward reducing long-term dependence on imports by cultivating a stronger domestic workforce.
Bessent also discussed broader elements of the administration’s economic agenda, including ongoing talks about a potential USD 2,000 tariff rebate for families earning less than USD 100,000 annually. He said the proposal is part of an effort to ensure that households directly benefit from trade policies designed to strengthen national competitiveness. The rebate, he added, is one component of the administration’s push to align the interests of Wall Street and Main Street, a vision he referred to as “Parallel Prosperity.”
Looking ahead, the Treasury secretary predicted that 2026 could become a milestone year for the United States economy if the administration’s policy framework succeeds in restoring industrial capacity and stabilizing financial markets. He emphasized the importance of maintaining a deep and liquid Treasury market, suggesting that economic growth will depend on strong foundations that support both investment and employment. Throughout the interview, Bessent portrayed the H-1B reform as a crucial part of that broader plan, arguing that rebuilding the nation’s industrial base requires a temporary infusion of global expertise to ensure Americans can take full ownership of high-skilled jobs in the future.
The imposition of tariffs on India by President Donald Trump has triggered widespread debate in policy circles, not only in India but also in the United States, where senior officials have issued contradictory statements about the rationale behind this decision. Trump recently announced a 50 per cent tariff on India as a punishment for purchasing Russian oil, but in a move that has raised eyebrows, he refrained from imposing any similar measures on China, a cou
The imposition of tariffs on India by President Donald Trump has triggered widespread debate in policy circles, not only in India but also in the United States, where senior officials have issued contradictory statements about the rationale behind this decision. Trump recently announced a 50 per cent tariff on India as a punishment for purchasing Russian oil, but in a move that has raised eyebrows, he refrained from imposing any similar measures on China, a cou
