Treasury Secretary Scott Bessent forecasts oil prices may drop to $40 per barrel following the Iran conflict due to anticipated oversupply. He noted this decline would help reduce inflation and lower
US Treasury Secretary Scott Bessent threatened secondary sanctions against nations trading with Iran, targeting oil and shipping lifelines. The move risks escalating tensions with China and disrupting
US Treasury Secretary Scott Bessent plans new sanctions against Iran, pushing the rial to a record low as crude exports halt amid a naval blockade. This strategy aims to isolate Tehran economically bu
Morgan Stanley strategist Michael Wilson warns that surging oil prices pose the biggest risk to US stocks, recommending energy shares as a hedge. Brent crude has climbed 30% since July due to Middle E
Crude oil futures surged nearly 6% this week as US sanctions threats against Iran raised supply disruption concerns. Treasury Secretary Scott Bessent confirmed upcoming measures targeting Tehran and i
US Treasury Secretary Scott Bessent outlined plans to economically isolate Iran, pushing Brent crude prices to $94 per barrel amidst Strait of Hormuz concerns. The initiative targets trading partners
US Treasury Secretary Scott Bessent outlines potential unprecedented economic sanctions against Iran, targeting oil exports to China and financial channels, though risks include global oil price spike
US Treasury Secretary Scott Bessent announced a substantial 40% drop in China's Iranian crude oil purchases following sanctions on private refineries. This decline is attributed to pricing and strateg
US Treasury Secretary Scott Bessent stated that only China continues purchasing Iranian oil due to fears of renewed US sanctions, providing leverage for upcoming peace talks in Doha.
US Treasury Secretary Scott Bessent indicated future waivers for Russian oil purchases may be granted on a country-specific basis to maximize economic pressure on Moscow. He addressed concerns regardi
US Treasury Secretary Scott Bessent claims economic pressure is suffocating Iran's oil industry, citing filling storage and crumbling infrastructure. Iran has reportedly reduced crude output to stay a
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