Bessent: Lower Oil Prices by Year-End Hinge on Iran War — SkimNews
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- Treasury Secretary Scott Bessent said Sunday on NBC's 'Meet the Press' that oil prices could go down before the end of the year, but 'it will depend on the Iran war.'
- Kristen Welker, host of NBC's 'Meet the Press,' asked Bessent about the chances of lower prices by the start of 2027, referencing President Trump's related assertion.
Why it matters: The Treasury Secretary tying cheaper gasoline to a war's trajectory sets the administration's own price-relief benchmark on geopolitics rather than on domestic policy tools. For consumers and businesses watching 2026 fuel costs, Bessent's framing hands the timeline to Iran's conflict outcome, not to the Fed, the SPR, or fiscal levers.
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