US Treasury predicts oil price drop post-Iran conflict

Treasury Secretary Scott Bessent predicted that oil prices could fall to $40-$50 per barrel once the Iran conflict ends and supply floods the market.

6 Sept, 15:18 — 6 Sept, 15:18

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Fox NewsMixed1h ago

Bessent predicts oil prices could drop as low as $40 after Iran conflict ends and supply floods market

Treasury Secretary Scott Bessent predicted oil prices could drop to between $40 and $50 after the Iran conflict ends, citing massive supply ready to hit the market.

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US Treasury predicts oil price drop post-Iran conflict

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Bessent predicts oil prices could drop as low as $40 after Iran conflict ends and supply floods market

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