China trails US in AI race, says Bessent

IANS | May 29, 2026 6:50 AM

Washington, May 29 (IANS) Treasury Secretary Scott Bessent declared the United States the world's leading artificial intelligence power, arguing that China remains significantly behind as Washington seeks to maintain its technological edge in one of the most consequential strategic competitions of the century.

Oil prices may fall despite Hormuz crisis, says US Treasury Secretary

IANS | May 29, 2026 6:40 AM

Washington, May 29 (IANS) US Treasury Secretary Scott Bessent expressed confidence that global oil prices could decline rapidly once shipping disruptions in the Gulf ease, arguing that energy markets remain well supplied despite tensions surrounding the Strait of Hormuz.

Trump sets three red lines for Iran deal

IANS | May 29, 2026 6:37 AM

Washington, May 29 (IANS) The Trump administration has laid down three non-negotiable conditions for any agreement with Iran, Treasury Secretary Scott Bessent said, insisting that Tehran must surrender its highly enriched uranium, abandon any pursuit of a nuclear weapon and restore free navigation through the Strait of Hormuz.

Trump won't accept 'bad deal' with Iran: US Treasury Secretary

IANS | May 29, 2026 6:25 AM

Washington, May 29 (IANS) US Treasury Secretary Scott Bessent said that President Donald Trump would not accept a "bad deal" with Iran, insisting that any agreement must address Tehran's nuclear programme and guarantee open shipping lanes through the Strait of Hormuz.

Pakistan-based networks drive rising narco-threat along Indian border: Report

IANS | May 28, 2026 9:21 PM

Washington/New Delhi, May 28 (IANS) Pakistan-linked networks have shown growing agility, adapting their tactics to evade Indian border defences and exploit emerging technologies. The rising use of drug-laden drones along the western border, particularly in Punjab, is emerging as a major concern, a report has highlighted.