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Trump administration announces ‘economic D-day' sanctions on Iran Al JazeeraBessent unveils sweeping campaign of sanctions and pressure against Iran The Washington PostDollar Gains as US Plan to Cut Off Iran Spurs Haven Demand Bloomberg.comUS threatens countries doing business with Iran, but holds off on penalties for now Reuters
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What matters more for oil prices is how hard U.S. sanctions hit China, Iran's biggest oil buyer, and whether Beijing pushes back.
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Trump hits back at Carney, threatens to hike auto, truck, metals tariffs to 50% NBC NewsEscalated U.S.-Canada trade talks threaten fallout Axios‘We Don't Need Canada': Trump Escalates Trade War With Threat of 50% Auto Tariffs Time MagazineShapiro on Canada tariffs: Trump chooses ‘chaos and cruelty' The HillLive updates: Trump administration plans to announce new sanctions against Ir
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Bessent's move "does not change anything. It just reduces the cash that Treasury has on deposit," one analyst says.
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Prediction market traders doubtful Bessent's bond interventions will push yields lower CNBCWhat's Behind the U.S. Treasury's Latest Attempt to Lower Interest Rates The New York TimesUS Treasury to stick to debt auction schedule despite bigger buybacks, Bessent says Reuters
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The Treasury Department said it could begin to buy back more of its debt, and bond market investors are assessing the potential effects on borrowing costs.
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Retirement contributions are growing faster for Gen Z than any other generation.
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