WASHINGTON — Secretary of the Interior Doug Burgum has directed the Bureau of Ocean Energy Management to initiate the first step in a robust public engagement process to develop a new schedule for offshore oil and gas lease sales on the U.S. Outer Continental Shelf.

“Launching the process to develop the 11th National Outer Continental Shelf Program marks a decisive step toward securing American Energy Dominance,” said Secretary of the Interior Doug Burgum. “Through a transparent and inclusive public engagement process, we are reinforcing our commitment to responsible offshore energy development—driving job creation, bolstering economic growth and strengthening American energy independence. Under President Donald J. Trump’s leadership, we are unlocking the full potential of our offshore resources to benefit the American people for generations to come.”

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WASHINGTON – In support of President Donald J. Trump’s directive to accelerate domestic critical mineral production, the Department of the Interior is taking steps to streamline permitting processes and improve federal accountability by working with Federal Permitting Improvement Steering Council to add critical minerals infrastructure projects to the FAST-41 program.

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WASHINGTON — Based on the Administration’s review of the novel legal and policy issues raised by use of financial sanctions against financial and commercial activity occurring within evolving technology and legal environments, we have exercised our discretion to remove the economic sanctions against Tornado Cash as reflected in Treasury’s Monday filing in Van Loon v. Department of the Treasury.

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WASHINGTON — The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating a “teapot” oil refinery and its chief executive officer for purchasing and refining hundreds of millions of dollars’ worth of Iranian crude oil, including from vessels linked to the Foreign Terrorist Organization, Ansarallah, commonly known as the Houthis, and the Iranian Ministry of Defense of Armed Forces Logistics (MODAFL).

“Teapot refinery purchases of Iranian oil provide the primary economic lifeline for the Iranian regime, the world’s leading state sponsor of terror,” said Secretary of the Treasury Scott Bessent. “The United States is committed to cutting off the revenue streams that enable Tehran’s continued financing of terrorism and development of its nuclear program.”

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WASHINGTON – The United States Department of the Treasury and Internal Revenue Service (IRS) today announced that the two IRS whistleblowers who had been wrongfully targeted for investigating Hunter Biden’s evasion of taxes on his $8.3 million income would be brought in to the U.S. Department of Treasury as Senior Advisors.

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WASHINGTON — The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating Iran’s Minister of Petroleum, Mohsen Paknejad, who oversees the export of tens of billions of dollars’ worth of Iranian oil and has allocated billions of dollars’ worth of oil to Iran’s armed forces for export. OFAC is also designating several entities in multiple jurisdictions, including the People’s Republic of China (PRC) and India,   more...