Finance2h ago
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.
This story was originally reported by Economic Times — Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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