A Treasury official has suggested that oil prices may decline before year’s end, though the outlook hinges on developments in the Iran conflict. During an interview, the secretary linked potential price movements to broader geopolitical tensions, while also referencing a recent claim by a former president that market conditions could shift favorably by early 2027. The remarks highlight ongoing uncertainty in global energy markets amid shifting political and military dynamics. Analysts will likely weigh the statement against current supply-demand trends to assess its credibility.
Treasury Secretary Scott Bessent on Sunday said oil prices could go down before the end of the year, but it will depend on the Iran war. NBC News's "Meet the Press" host Kristen Welker asked Bessent about the chances of lower prices by the start of 2027, adding President Trump's assertion that "this is his...
