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US to refund half of ‘reciprocal tariffs’ should SC order rule against it: Bessent

Washington, Sept 8 (UNI) Amid the White House’ ongoing tussle with the judiciary, US Treasure Secretary Scott Bessent has said that should the Supreme Court rule against President Donald Trump’s reciprocal tariffs, then the Treasury will issue rebates for half the tariffs.
“We would have to give a refund on about half the tariffs, which would be terrible for the Treasury,” Bessent said during an appearance on NBC News, reports CNN.
“If the court says it, we’d have to do it,” he added.
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Oil prices surge as US carries out fourth night of strikes on Iran and restores blockade

15 Jul 2026 | 5:47 PM

Tehran/Washington, Jul 15 (UNI) Oil prices rose soared on Wednesday after the US carried out a fourth consecutive night of strikes on Iran and reinstated a blockade on vessels travelling to and from Iranian ports.

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Flights suspended across Reagan National Airport amid Iraqi PM's Washington visit

15 Jul 2026 | 5:41 PM

Washington DC, Jul 15 (UNI) Flights throughout the US' Ronald Reagan Washington National Airport were suspended for several hours on Tuesday, causing more than 100 cancellations and widespread delays, as security measures were put in place during Iraqi Prime Minister Ali al-Zaidi's visit to Washington, sources familiar with the matter told CBS News.

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US strikes hit southeastern Iran as military campaign enters fourth consecutive night

15 Jul 2026 | 5:24 PM

Zahedan, Jul 15 (UNI) The US carried out a fourth consecutive night of strikes on Iran on Tuesday, targeting the area of Sistan and Baluchestan, the country's southeastern province bordering Pakistan.

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Trump drops Hormuz toll plan, announces blockade limited to Iranian Shipping

15 Jul 2026 | 4:24 PM

Washington, July 15 (UNI) US President Donald Trump abandoned his plan to impose a 20 per cent fee on commercial vessels transiting the Strait of Hormuz, saying Gulf states had instead agreed to pursue major investment and trade deals with the United States.

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US sanctions Iran oil network, targets Shamkhani’s global shipping empire

15 Jul 2026 | 4:01 PM

Washiongton, July 15 (UNI) The United States announced new sanctions targeting more than 50 individuals, companies and vessels linked to Iranian businessman Mohammad Hossein Shamkhani, accusing the "network of helping Tehran evade sanctions and expand its oil export operations."
The U.S. Department of the Treasury said the measures are aimed at disrupting a major shipping and financial network that supports Iran’s oil trade through offshore companies, container shipping operations and commodity trading.

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