Treasury sanctions law firm over alleged Iran shipping ties
Bessent warned a law-firm corner office draws the same sanctions as illegal oil transfers at sea as Treasury named Karnakis and Karnakis and nine vessels on Oct. 21.
World · 16 sources · Oct 21, 2026Read it
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About Scott Bessent
Scott Kenneth Homer Bessent is an American businessman, financial commentator, and government official serving since 2025 as the 79th United States secretary of the treasury. Bessent was a partner at Soros Fund Management (SFM) and founded Key Square Group, a global macro investment firm. He is the first openly gay person to lead the U.S. Treasury Department, the first openly gay U.S. Senate-confirmed Cabinet member in a Republican administration, the second openly gay Senate-confirmed Cabinet secretary, and the highest-ranking LGBTQ government official in U.S. history.
Everything about Scott Bessent →- Occupation
- businessperson, philanthropist, investor, finance minister
- Position held
- United States Secretary of the Treasury, Commissioner of Internal Revenue
- Citizenship
- United States
- Born
- August 21, 1962
