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Scott Bessent Says U.S. Navy Will ‘Soon’ Escort Tankers Through Strait of Hormuz

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Treasury Secretary Scott Bessent said on Friday that the U.S. Navy will “soon” begin escorting oil tankers through the Strait of Hormuz to protect them from Iranian terrorist attacks.

“My belief is that as soon as it is militarily possible, the U.S. Navy, perhaps with an international coalition, will be escorting vessels through,” Bessent told Sky News on Friday.

“There are, in fact, tankers coming through now, Iranian tankers, I believe some Chinese flag tankers have come through. So we know that they have not mined the straits,” he continued.

Sky News reported that Bessent had to take a two-hour break from the interview because he was called into the White House Situation Room. Upon his return, the interviewer asked if plans for naval escort had been discussed, and Bessent responded: “Your words, not mine.”

On Thursday, Energy Secretary Chris Wright also said naval escorts for tankers could begin “soon,” perhaps by the end of March, but the forces necessary for the mission were not available yet. (Read more from “Scott Bessent Says U.S. Navy Will ‘Soon’ Escort Tankers Through Strait of Hormuz” HERE)

Scott Bessent Tells Kristen Welker When Americans Should See Lower Prices

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Treasury Secretary Scott Bessent told “Meet the Press” host Kristen Welker on Sunday that Americans should start seeing lower prices on some products within weeks.

President Donald Trump announced Nov. 14 that tariffs on some imported grocery items would be suspended, citing progress in trade talks. Bessent told Welker the Trump administration was making progress in reducing prices by addressing illegal immigration and also trying to get lower interest rates while reducing inflation.

“In March of 2024 I wrote a piece, and I talked about the three I’s that were killing Americans: immigration, interest rates, and inflation. President [Trump]’s closed the border and the mass immigration is gone, and that was putting a lot of the immigration was putting upward pressure on housing, downward pressure on wages.”

“Interest rates are down and now we are starting to see the affordability. The prices get better. We had a very big October for home sales,” Bessent continued. “Energy prices: gasoline is down. We saw— we believe health care is gonna come down: we will see an announcement this coming week on that. And so, across the board, prices are starting to come down. We’re having Thanksgiving week. This will be the lowest cost for a Thanksgiving dinner in four years. Turkey prices are down 16%.”

(Read more from “Scott Bessent Tells Kristen Welker When Americans Should See Lower Prices” HERE)

Photo credit: Gage Skidmore via Flickr

Leaked Texts on Scott Bessent’s Phone Suggest the White House Got Played Bailing Out Argentina—And U.S. Soybean Farmers Are the Casualties

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According to a photo of a private text on the phone of Treasury Secretary Scott Bessent, Argentina responded to the treasury secretary’s $20 billion bailout by turning around and removing its export taxes on soybeans and striking a huge new deal with China. That diminished the price of U.S. soybeans and weakened U.S. trade leverage with China, which immediately pulled out of its existing arrangements with soybean farmers in America’s heartland.

The photo taken by Angelina Katsanis for the Associated Press last week shows Bessent reading a text that appears to be from Agriculture Secretary Brooke Rollins.

“Finally—just a heads up, I’m getting more intel, but this is highly unfortunate,” the text said. “We bailed out Argentina yesterday and in return, the Argentine’s [sic] are removing their export tariffs on grains, reducing their price, and sold a bunch of soybeans to China, at a time when we would normally be selling to China. Soy prices are dropping further because of it. This gives China more leverage on us.”

A second message said, “On a plane but Scott I can call you when I land.”

Last week, Bessent outlined on X a plan to financially support Argentina following extensive talks between longtime allies President Donald Trump and Argentine President Javier Milei, a libertarian economist with a populist, Trump-like appeal, known for wielding a chain saw and cloning his enormous mastiff dogs. (Read more from “Leaked Texts on Scott Bessent’s Phone Suggest the White House Got Played Bailing Out Argentina—And U.S. Soybean Farmers Are the Casualties” HERE)

No-Media-Allowed MAGA Hangout Spilled Beans on Bessent-Pulte Altercation: ‘They Go Leak to Them Anyway’

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One of the key draws of Omeed Malik’s Executive Branch social club in DC is no are reporters allowed. The rule helped him attract his A-list MAGA clientele who are often at odds with the media – the Washington press corps in particular.

But what Malik didn’t count on, according to people who know him, is that his mainstream media-hating customers are also big leakers to the dreaded MSM, as evidenced by reports that a vicious smackdown almost occurred on his premises between two top MAGA figures, Treasury Secretary Scott Bessent and Federal House Finance Agency chief Bill Pulte, On The Money has learned.

Malik is trying to remain neutral, though he can’t understand why his members would leak the near fisticuffs to the press.

“It’s funny because Omeed told his customers that he would never have journalists in his club and then they go leak to them anyway,” said one person close to the matter. “You can’t make this sh-t up.”

As reported last week, Bessent – Trump’s usually mild-mannered Treasury secretary – reportedly threatened to punch Pulte in his “f–king face.” And as we exclusively broke, top players in the White House can’t wait for Bessent to get started because they view Pulte as a publicity hound with sharp elbows. (Read more from “No-Media-Allowed MAGA Hangout Spilled Beans on Bessent-Pulte Altercation: ‘They Go Leak to Them Anyway’” HERE)

Photo credit: Flickr

Top Trump Administration Figure Warns of Rising Prices from Tariffs (VIDEO)

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Treasury Secretary Scott Bessent conceded on Sunday that President Donald Trump’s tariffs could increase prices for consumers.

Walmart CEO Doug McMillon announced on a Thursday earnings call that the company would raise its prices due to the tariffs after recording a slip in first-quarter profits, despite strong quarterly sales and a bump in operating profit. During a Sunday appearance on “State of the Union,” Bessent said he spoke to McMillon, who told him that Walmart would potentially pass tariff-related costs on to American shoppers.

“I did speak to Doug McMillon, who I have a very good relationship, yesterday, just to understand what he had to say. And, you know, understand that came from an earnings call. On an earnings call, because of [Securities and Exchange Commission] requirements, they have to give the most draconian case,” Bessent said. “So, Walmart will be absorbing some of the tariffs. Some may get passed on to consumers. But the other thing that’s happening is that inflation is down. We had the first drop in inflation in four years under President Trump.”

“The other thing that Doug mentioned to me is for his consumers, for his buyers, the most important thing are gasoline prices. And this administration has gotten gasoline prices down, service prices are down,” Bessent continued. “So overall, I would expect inflation to remain in line. But I don’t blame consumers for being skittish after what happened to them four years under Biden. We had the worst inflation in 40 years.” (Read more from “Top Trump Administration Figure Warns of Rising Prices from Tariffs (VIDEO)” HERE)