Bessent says crude could fall to $40 after Iran conflict ends
U.S. Treasury Secretary Scott Bessent predicted global crude prices could drop to as low as $40 per barrel after the military conflict involving Iran reaches a resolution, citing increased market supply.
U.S.
Treasury Secretary Scott Bessent predicted on Friday that global crude prices could plummet to as low as $40 per barrel once the military conflict involving Iran reaches a resolution.The Treasury chief signaled that an influx of market supply will drive down energy costs and help alleviate pre…