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US Treasury Secretary Scott Bessent sees crude oil as low as $40 post-Iran war, lower bond yields
Treasury Secretary Scott Bessent anticipates oil prices will fall significantly after the Iran conflict concludes. He expects crude oil to reach as low as forty dollars a barrel due to oversupply. This decline in oil prices will subsequently lower bond yields, which have recently surged. Bessent also downplayed Norway's sovereign wealth fund proposal to reduce Treasury holdings.
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cryptobriefing.com
Scott Bessent predicts oil prices could drop by $40–$50 a barrel after Iran conflict ends
Treasury Secretary Scott Bessent says oil could fall $40-50 per barrel after the Iran conflict ends, easing inflation and pulling bond yields
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Bessent predicts $40 oil post-Iran war, impacting bond yields: Bloomberg
Bessent predicts oil could drop to $40 after the Iran war, influencing bond yields. New all-time high for crude oil by September 30 at 1.6% YES.
