Bessent says oil prices could fall quickly after Hormuz deal

Bessent says oil prices could fall quickly after Hormuz deal US Treasury Secretary Scott Bessent says oil prices could drop rapidly once an agreement is reache…

In breve

Bessent suggests that oil prices may decrease rapidly following a deal related to the Hormuz Strait.

Punti chiave

• oil prices could fall quickly

Contesto

Bessent says oil prices could fall quickly after Hormuz deal Bessent says oil prices could fall quickly after Hormuz deal US Treasury Secretary Scott Bessent says oil prices could drop rapidly once an agreement is reached with Iran to reopen the Strait of Hormuz. Speaking to reporters, Bessent said many ships are currently waiting to “come out of the gulf”. “Once we have an agreement between the US and Iran to open the Strait of Hormuz, I think the oil market is going to be very well supplied on the other side,” he said. “We could see prices come down very quickly,” Bessent added, also pointing to the UAE’s departure from OPEC as another factor that could ease prices. According to the collected source material from www.middleeasteye.net, Bessent says oil prices could fall quickly after Hormuz deal US Treasury Secretary Scott Bessent says oil prices could drop rapidly once an agreement…

Lettura DEO

Verdetto: publish
Confidenza: 82/100

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Cosa resta incerto

• uncertainty around the timeline of oil price fall

Categoria: cronaca
Entità: Bessent, Hormuz