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US Treasury Secretary Scott Bessent sees crude oil as low as $40 post-Iran war, lower bond yields
- Treasury Secretary Scott Bessent predicted oil prices could fall to $40-$50 per barrel after the Iran conflict ends due to abundant supply entering the market.
- Bessent described the US economy as very strong, experiencing a productivity burst and a manufacturing and construction renaissance leading to ongoing wage gains.
- He stated the US leads a powerful economic isolation campaign against Iran, aiming to block Iran's nuclear ambitions and asserting control over the Strait of Hormuz.
- Bessent said Gulf nations are building alternative pipelines to reduce dependence on the Strait of Hormuz, diminishing Iran's ability to threaten oil flows.
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Bessent predicts oil prices could drop as low as $40 after Iran conflict ends and supply floods market
Treasury Secretary Scott Bessent predicts oil prices could fall to between $40 and $50 once the Iran conflict ends, saying abundant supply is poised to hit the market after constraints ease.
·New York, United States
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US Treasury Secretary Scott Bessent says crude oil prices are set to fall significantly, reaching $40 per barrel once the war with Iran ends.
ProtothemaReposted by 
Pentapostagma
PentapostagmaSuch a development will also drag down bond yields, which have recently reached the highest levels in recent years.
·Marousi, Greece
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Total News Sources37
Leaning Left0Leaning Right9Center3Last UpdatedBias Distribution75% Right
Bias Distribution
- 75% of the sources lean Right
75% Right
C 25%
R 75%
Factuality
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