22 articles
US Treasury Secretary Scott Bessent's efforts to stabilize oil and bond markets have failed against market forces driven by deficits and geopolitical tensions.
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 linked rising global energy prices to Ukrainian strikes on Russian assets and Middle East conflicts. Supply disruptions in the Strait of Hormuz and export bans have
US Treasury Secretary Scott Bessent predicts oil pipelines will bypass the Strait of Hormuz within two years, diminishing its strategic value. The US continues expanding sanctions on Iranian trade par
US Treasury Secretary Scott Bessent's threats of economic sanctions against Iran failed to deter trading partners, who continued oil and agricultural exchanges with Tehran. Analysts note the unilatera
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
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 hinted at a potential deal to reopen the Strait of Hormuz imminently. Following his comments, Brent crude futures dropped nearly 4% to under $81 per barrel.
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
U.S. Treasury Secretary Scott Bessent urged gasoline retailers to lower prices ahead of the nation's 250th birthday, warning of potential repercussions. The administration expects fuel costs to decrea
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
U.S. Treasury Secretary Scott Bessent announced that Trump's policies prioritize economic security to rebuild supply chains for critical minerals and pharmaceuticals. The strategy aims to reduce depen
U.S. Treasury Secretary Scott Bessent indicated the administration will not rush to extend a tariff truce with China ending in November, citing issues with critical minerals compliance. Preparations c
U.S. Treasury Secretary Scott Bessent indicated existing soybean purchase commitments satisfy current needs, dampening expectations for additional Chinese imports. Traders anticipate Beijing will adhe
U.S. Treasury Secretary Scott Bessent urged China to pressure Iran to reopen the Strait of Hormuz, predicting lower oil prices soon. He emphasized maintaining U.S.-China trade stability during the upc
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
US Treasury Secretary Scott Bessent expects gasoline prices to fall to $3/gallon by summer pending Middle East stability. He cited falling crude oil costs and urged retailers to adjust pump prices qui
Treasury Secretary Bessent urges the Fed to hold rates steady as the Iran conflict pushes crude oil prices up 30%, spiking gasoline costs and complicating inflation management.
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