Washington (Monitoring Desk) US Treasury Secretary Scott Bessent has said that global oil prices are expected to fall significantly after the war.
In a statement, he predicted that oil prices could reach lower levels in the future and that a continued downward trend in the market may be observed.
According to Scott Bessent, it should not be surprising if more ships are seen passing through the Strait of Hormuz, however he said Iran is not gaining much benefit from attempts to collect tolls from ships.
He further stated that no major changes are expected from US President Donald Trump’s upcoming meeting with China, while US energy exports are currently at a high level and the country’s position in the global market is strengthening.
According to the Treasury Secretary, the main obstacle to US energy exports is only a lack of infrastructure, and overall the United States is emerging as a major winner in global energy markets.
