
US sanctions are pushing many countries to seek alternatives to the dollar for settlements, Treasury Secretary Janet Yellen admitted during her annual appearance on Tuesday before the House Financial Services Committee to discuss the state of the international financial system. Asked about the risk of de-dollarization, Yellen acknowledged that the ...

Saudi Arabia’s Foreign Minister, Prince Faisal bin Farhan, will visit Tehran on Saturday, Iran’s Tasnim news agency said on Thursday. He is set to meet with Iranian officials, the agency added. Iran and Saudi Arabia agreed in March, in a deal brokered by China, to end a diplomatic rift and ...