US Treasury Secretary Scott Bessent defended President Donald Trump’s economic agenda before Congress, highlighting tax cuts, wage growth and job creation. Democrats challenged the administration over inflation, tariffs and rising household costs, exposing deep partisan divisions over the US economy
Global oil prices eased slightly after the US allowed a 30-day waiver for countries to buy Russian oil already in transit. Brent and WTI declined marginally, while India assured adequate crude supplies through diversified sourcing and reduced dependence on the Strait of Hormuz route
“We've had many countries come forward and present some very good proposals, and we're evaluating those.” “I would guess that India would be one of the first trade deals we would sign. So watch this space,” Bessent said
