The US may lift more Venezuela sanctions as soon as next week, Treasury Secretary Scott Bessent says, as Washington moves to unlock oil sales, frozen IMF funds and global financial re-engagement after Nicolás Maduro’s capture.
The US has imposed sanctions on over 50 entities and individuals — including three Indian nationals — accused of helping Iran export oil and liquefied petroleum gas (LPG). The Trump administration says the move aims to cut Tehran’s funding for terrorist groups.
US Treasury Secretary Scott Bessent warned that Washington is prepared to take strong measures against Russia over its war in Ukraine. Speaking after meetings with EU sanctions envoy David O’Sullivan, Bessent said “business as usual has not worked,” while Trump signaled readiness for a “second phase” of sanctions targeting Russian oil buyers.
Gita Gopinath, the IMF’s First Deputy Managing Director, will step down in August 2025 to return to Harvard University. Her departure opens a key opportunity for President Trump to nominate a successor amid global economic realignments.
In a surprising diplomatic breakthrough US-China Tariff War Thaws: Trump Claims Major Progress After Swiss Summit. Former President Donald Trump announced on Sunday that the United States and China had negotiated a “total reset” in their strained trade relationship after marathon talks held in Geneva, Switzerland.