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Bessent Sees Oil as Low as $40 Post-Iran War, Taking Yields Down

1 source ·1 article ·1h ago

Treasury Secretary Scott Bessent said oil prices will nosedive to as low as $40 a barrel once the Iran conflict is over, pulling down bond yields that have lately hit the highest levels in years.

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Bloomberg 1

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Bloomberg Economics ·1h ago

Bessent Sees Oil as Low as $40 Post-Iran War, Taking Yields Down

Treasury Secretary Scott Bessent said oil prices will nosedive to as low as $40 a barrel once the Iran conflict is over, pulling down bond yields that have lately hit the highest levels in years.