Bessent says oil could fall to $40-$50 after Iran conflict ends
Treasury Secretary Scott Bessent said oil could reach $40 to $50 a barrel after the Iran conflict ends, citing a surge in supply and a temporary energy shock.
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Remarks from Secretary of the Treasury Scott Bessent on Operation Economic Outcast against Iran (Full Speech)
24 August 2026 As prepared for delivery. Good afternoon. Today, at President Trump s direction, the United States Treasury has begun Operation Economic Outcast an unprecedented campaign against the Islamic Republic of Iran and its enablers. In the Second World War, D-Day marked the historic beginning of a campaign with
US Treasury Secretary Bessent: US expects action of other nations.
US Treasury Secretary Bessent: US expects action of other nations.