Bessent Predicts $40 Oil Post-Iran War, Impacting Bond Yields: Bloomberg
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8 Articles
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.
US Treasury Secretary Scott Bessent said in an interview aired on Friday that oil prices could fall to as low as $40 a barrel once the conflict with Iran is over, which would in turn push down bond yields that have recently reached their highest levels in several years, Bloomberg reports.
"We will come out on the other side of this conflict with Iran and I expect oil to come down," he said.
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Cryptocurrency News | Cryptocurrency Prices | Market CapBessent 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.
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