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Scott Bessent Predicts Oil Could Crash to $40-$50 After Iran War, Says US Is in ‘Lift-Off Phase’—Peter Schiff…

Summary by BizToc
Scott Bessent predicts oil could fall to $40-$50 after the Iran war, while Peter Schiff mocks his outlook and says, ‘Don’t believe anything.’
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Scott Bessent sets startling oil price target

Bessent's latest prediction comes with plenty for investors to consider.

Treasury Secretary Scott Bessent noted that oil prices could fall to US$40 per barrel once the conflict with Iran is over, which in turn would reduce bond yields, which recently peaked at several years. Read more

·Buenos Aires, Argentina
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Oil will continue to rise: Goldman Sachs’ prediction of attacks on shipsThe U.S. Treasury Secretary, Scott Bessent, pointed out that oil prices could fall to US$ 40 per barrel once the conflict with Iran ends, which in turn would reduce bond yields, which recently reached peaks of several years. “We’re going to overcome this conflict with Iran and hope that oil will fall,” Bessent said in an interview with Steve Bannon issued on Friday. “After t…

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BizToc broke the news on Monday, September 7, 2026.
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