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Bessent and President Donald Trump unveiled the economic operation nearly six months into the Iran war, which continues without a clear end in sight.
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Also, Russia takes advantage of Ukraine's depleted stockpile. Here's the latest at the end of Thursday.
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Unable to force Tehran's surrender, President Donald Trump appears to be taking his frustration out on Oman and other U.S. partners in greater measure.
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The UAE, one of Iran's biggest trading partners, said the move was "in light of regional escalations that undermine regional and international peace and security."
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South Korea's Joint Chiefs of Staff (JCS) confirmed that ongoing joint military drills with U.S. forces would end early.
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The annual U.S.-South Korea drills, known as Ulchi Freedom Shield, will end Aug. 21 rather than Aug. 27 as originally scheduled, both countries said.
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