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Bessent says dropping oil prices before 2026 ends 'will depend' on Iran conflict

Treasury Secretary Scott Bessent on Sunday said oil prices could go down before the end of the year, but it will depend on the Iran war. NBC News's "Meet the Press" host Kristen Welker asked Bessent about the chances of lower prices by the start of 2027, adding President Trump's assertion that "this is his...

Sources (1)· Oct 18, 6:58 PM

Planet Security

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The Hill· Oct 18, 6:58 PMBessent says dropping oil prices before 2026 ends 'will depend' on Iran conflict

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‘Kristen, That’s Not True’: Scott Bessent Tussles With NBC Host On Russia Sanctions‘They continue to gorge on Russian energy’

Daily Caller3h agoWhole story →

Wright calls Trump's diesel deal a peace incentive. Rubio says Russia would sell anyway.President Trump's top aides offered sharply different explanations this weekend of his Russian diesel deal amid a barrage of bipartisan criticism calling the move a gift to Russia. Why it matters: Oil , gas and petroleum products help finance Russia's war on Ukraine, and Trump's moves are bringing rifts within the GOP just ahead of midterm elections.…

Axios3h agoWhole story →

Live updates: Obama condemns Omar investigation; Ukraine attacks St Petersburg oil depotFormer President Obama has weighed in on the federal government’s criminal investigation into Rep. Ilhan Omar (D-Minn.) over accusations of immigration fraud, accusing the Trump administration of targeting its political opponents. His remarks come nearly a week after federal agents raided Omar’s Washington, D.C., home and seized her phone as part of a…

The Hill4h agoWhole story →

Wright says Trump administration has not broken promise to lower gas prices amid Iran warEnergy Secretary Chris Wright on Sunday said the Trump administration has not broken its promise to lower gas prices as the Iran war stretches into its eighth month. CNN's Dana Bash asked Wright on "State of the Union" about his predictions early in the conflict that gas prices would decline "within weeks, not months," and,...

The Hill4h agoWhole story →

Trump’s Russia sanctions pause will pressure Putin to ‘tone down’ war in Ukraine: energy secretaryPresident Trump's decision to temporarily suspend sanctions on Russian diesel deliveries is actually putting more pressure on the Kremlin, Energy Secretary Chris Wright wildly claimed Sunday.

New York Post4h agoWhole story →

Since

Eyes widen after Kristen Welker's brutal takedown of Trump official: 'Give it up, man'Political analysts were astounded Sunday after NBC News' Kristen Welker uncorked a brutal takedown of a Trump administration official on "Meet the Press." Welker interviewed Treasury Secretary Scott Bessent about the current economic conditions ahead of the midterms. During the interview, Welker challenged Bessent's position that high prices are a…

Raw Story2h agoWhole story →

Wright says Trump admin. has not broken promise to lower gas prices amid Iran warEnergy Secretary Chris Wright on Sunday said the Trump administration has not broken its promise to lower gas prices as the Iran war stretches into its eighth month. CNN asked Wright about his predictions early in the conflict that gas prices would decline "within weeks, not months," and, with prices still high, asked if the [...]

NewsNation1h agoWhole story →

'Very bad look': Ambassador up in arms as Trump keeps sending adversary 'kisses'A former ambassador to Ukraine sounded the alarm Sunday as President Donald Trump continues to send "kisses" to one of the U.S.'s chief adversaries. Last week, Trump announced that the U.S. was planning to buy millions of barrels of Russian diesel fuel in an effort to lower gas prices ahead of the midterms. Trump backed up that move this week by lifting…

Raw Story1h agoWhole story →

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Scott Bessent says prices will come down after Iran war: ‘we will get to the other side’In an exclusive interview with Meet the Press, Treasury Secretary Scott Bessent says an “energy supply shock” is straining the U.S. economy due to the war in Iran.

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Eyes widen after Kristen Welker's brutal takedown of Trump official: 'Give it up, man'Political analysts were astounded Sunday after NBC News' Kristen Welker uncorked a brutal takedown of a Trump administration official on "Meet the Press." Welker interviewed Treasury Secretary Scott Bessent about the current economic conditions ahead of the midterms. During the interview, Welker challenged Bessent's position that high prices are a…

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‘Kristen, That’s Not True’: Scott Bessent Tussles With NBC Host On Russia Sanctions‘They continue to gorge on Russian energy’

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‘First Time in History’: Bessent Says Iran Faces Zero Oil Revenue This Week — Tehran Warns of Economic CrisisIran is set to have no oil at sea and no oil revenue this week for the “first time in history,” Treasury Secretary Scott Bessent said as Tehran’s top security official issued a rare warning over the country’s deepening economic crisis. The post ‘First Time in History’: Bessent Says Iran Faces Zero Oil Revenue This Week — Tehran Warns of Economic Crisis…

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Trump made more stock trades in July than Treasury Secretary Scott Bessent made all of last yearTrump’s accounts logged 1,156 trades in July, while Bessent disclosed just 29 transactions in 2025.

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What to watch as Treasury's Bessent testifies before CongressTreasury Secretary Scott Bessent may face questions on rising energy prices, Federal Reserve policy, government debt and the Trump team's economic agenda.

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