Treasury Secretary Scott Bessent has officially dismissed speculation that the U.S. government will short oil futures to suppress surging energy prices, opting instead for a temporary easing of sanctions on stranded Russian crude to combat the supply shock stemming from the Iran-U.

Treasury Secretary Scott Bessent said the U.S. won't intervene in oil futures markets, focusing on physical crude supply to offset Iran conflict disruptions.

In a candid podcast interview, the Treasury Secretary offered the clearest definition of what actually breaks markets. It isn't falling prices.

Treasury Secretary Scott Bessent was called to the Situation Room by President Trump mid-way through a TV interview on Thursday. Bessent was being asked a question by Wilfred Frost of Sky News in the UK when an off-camera voice called for the treasury secretary.

President Donald Trump abruptly ordered Treasury Secretary Scott Bessent to the White House Situation Room while Bessent was in the middle of a live media interview. The urgent summons occurred approximately 13 minutes into a conversation with Sky News' Wilfred Frost at the Treasury Department's Cash Room.

One lawmaker predicts unemployment could hit 25% for new college grads within five years.

Trump signed off on the measure last week, granting a 30-day exemption allowing Russian at see cargoes to be sold on global markets until April 11.

A video of Treasury Secretary Scott Bessent being summoned by President Donald Trump in the middle of an interview, then returning with a shaky voice, went viral overnight.