Ukraine's Strikes on Russian Oil Partly Fueled Global 'Energy Shock,' Bessent Says
- On Wednesday, Treasury Secretary Scott Bessent blamed Ukraine's strikes on Russian energy infrastructure for creating a global "energy shock" and contributing to rising fuel prices worldwide.
- Speaking at the G20 meeting in Asheville, North Carolina, Bessent conceded "prices are too high" while also identifying the conflict with Iran in the Strait of Hormuz as a factor impacting energy markets.
- Bessent noted that "the bottom 25% of wage earners' wages went up 4.7%" and highlighted Chevron's $7 billion investment in Venezuela as evidence of economic relief efforts.
- The remarks drew swift backlash from analysts; Max Boot accused Bessent of "literally blaming the victim," while CNN chief national security analyst Jim Sciutto questioned if the administration aims to save Russian industry.
- Critics including Nicolas Tenzer and The Dispatch's Jonah Goldberg argued the administration's stance repeats narratives favorable to the Kremlin, potentially undermining efforts to restrict Vladimir Putin's ability to fund his invasion.
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Bessent says Ukraine causing high gas prices: ‘They want to blow up Russian energy assets’
Treasury Secretary Scott Bessent on Wednesday blamed Ukraine for causing high oil prices by attacking Russian energy targets — as the Trump administration scrambles to lower prices at the pump ahead of the Nov. 3 midterm elections.
Ukraine's strikes on Russian energy facilities have contributed to a surge in energy prices worldwide, US Treasury Secretary Scott Bessent told Fox News on Wednesday.
Bessent blames Ukraine strikes on Russia for global energy market instability
Treasury Secretary Scott Bessent pointed to Ukrainian strikes on Russian energy infrastructure as a root cause of rising global energy prices on Wednesday, saying the Russia-Ukraine war and the war with Iran have created an “energy shock.” Bessent, speaking from Asheville, North Carolina, where the Group of 20 finance ministers’ meeting was held this week, told […]
US Treasury Secretary Scott Bessent claimed in a recent interview with Fox News that the world is currently facing an energy shock and directly blamed Ukraine for the rise in oil prices, stating that Ukrainian attacks on Russian energy facilities are creating upward pressure on prices globally.
Ukraine's strikes on Russian oil partly fueled global 'energy shock,' Bessent says
"Ukraine has decided that they want to blow up Russian energy assets and refined products, so that is creating upward price pressure on the global basis," U.S. Treasury Secretary Scott Bessent said.
‘Gross’: Bessent Sparks Fury By Chiding Ukraine For Attacking Russia
Ukraine has stepped up attacks on Russian energy infrastructure as part of a broader strategy to cut into Putin's ability to continue to fund the invasion The post ‘Gross’: Bessent Sparks Fury By Chiding Ukraine For Attacking Russia first appeared on Mediaite.
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