Treasury Secretary Scott Bessent stated that oil prices might decline before 2026 ends, contingent on the outcome of the Iran conflict.
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01Summary
- 01Bessent made the remarks on NBC News's 'Meet the Press' on Sunday.
- 02He was responding to a question about the likelihood of lower oil prices by the start of 2027.
- 03The comment referenced President Trump's assertion about lowering prices.
02Why it matters
This matters because lower oil prices could reduce costs for consumers and businesses, but the outcome hinges on geopolitical developments in Iran.
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