Treasury Secretary Steven Mnuchin announces sanctions on five Russian companies and three executives, alleging they were working "at the behest of the Russian Federation."
The treasury secretary says the world's two biggest economies are making progress in talks aimed at reducing America's massive trade deficit with China.
The Trump administration designates Valiollah Seif, head of Iran's central bank, a terrorist and says it will impose worldwide sanctions on anyone doing business with him.
In a jarring contrast, Israeli forces attack Palestinians at the Gaza border, while a few miles away Israel and the U.S. celebrate the new embassy in contested Jerusalem.
Major companies could see billions of dollars in commercial deals canceled, although the ultimate impact remains unclear due to the possibility of renegotiations and exemptions, experts say.
Nearly every regulatory institution tasked with monitoring the financial system is now run by someone who once profited from bending or breaking its rules.
The panel will hold an emergency session Friday after Washington asks the United Nations to show support for Iran's anti-government demonstrators.
The U.S. financial system remains unreformed, and no one in any position of power will do anything to fix it. The only question is when the bubble will burst.
The action against the munitions officials blocks them from holding any property within U.S. jurisdiction and prohibits them from transactions with American citizens.