Bessent Predicts $40 Oil Post-Iran War, Impacting Bond Yields: Bloomberg
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Bessent Sees Oil as Low as $40 Post-Iran War, Taking Yields Down
Treasury Secretary Scott Bessent said oil prices will nosedive to as low as $40 a barrel once the Iran conflict is over, pulling down bond yields that have lately hit the highest levels in years.
U.S. Treasury Secretary Scott Bessent anticipates that oil could fall to $40 per barrel when the conflict with Iran ends, a prospect that could also ease pressure on bond yields.
US Treasury Secretary Scott Bessant predicted a significant drop in oil prices after the end of the conflict with Iran, estimating that American crude could fall as low as $40 a barrel. In an interview with Steve Bannon, which aired on Friday, Bessant argued that after the conflict is over, there could be a significant increase in supply in the global oil market. “We will come out the other side of this conflict with Iran and I expect oil to fal…
US Treasury Secretary Scott Bessent said in an interview aired on Friday that oil prices could fall to as low as $40 a barrel once the conflict with Iran is over, which would in turn push down bond yields that have recently reached their highest levels in several years, Bloomberg reports.
"We will come out on the other side of this conflict with Iran and I expect oil to come down," he said.
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Bessent predicts oil could drop to $40 after the Iran war, influencing bond yields. New all-time high for crude oil by September 30 at 1.6% YES.
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