{
  "id": 5735610,
  "title": "Oil Prices Could Fall To $40 After Iran Conflict Ends: US Treasury Secretary Scott Bessent",
  "url": "https://urgent.news/2026/09/05/oil-prices-could-fall-to-40-after-iran-conflict-ends-us-treasury",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-05T06:09:56.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/oil-prices-could-fall-to-40-after-iran-conflict-ends-us-treasury-secretary-scott-bessent"
  },
  "original_language": "en",
  "account": "US Treasury Secretary Scott Bessent anticipates a significant drop in oil prices following the conclusion of the Iran conflict, estimating crude prices to potentially plummet to as low as $40 per barrel, according to Bloomberg. In an interview, Bessent highlighted the potential surplus in global oil supply post-conflict, which could drive down prices. He projected a range of $50-$40 for Brent Crude while noting that the timeline for hostilities' cessation remained uncertain. Currently, Brent crude is trading above $95 per barrel, prompting concerns over inflation and pushing global bond yields upward. Bessent emphasized the strong link between oil prices and interest rates, suggesting that a reduction in energy costs could alleviate inflation pressures and lower borrowing costs. The surge in crude prices has fueled investor worries, driving the yield on 10-year US Treasury bonds to its highest level since 2023. Bessent downplayed fears surrounding Norway's sovereign wealth fund potentially reducing its $75 billion investment in US Treasuries, stating that the move may not signify diminished confidence in US government debt. Instead, the fund might be seeking higher returns through alternative US-backed securities, such as bonds issued by Fannie Mae, Freddie Mac, and Ginnie Mae, which offer higher yields than conventional Treasury bonds.",
  "summary": "US Treasury Secretary Scott Bessent has predicted a steep decline in oil prices once the Iran conflict comes to an end, saying increased global supply could push crude prices down to as low as $40 a barrel, Bloomberg reported. Speaking in an interview, Bessent said the oil market could face a supply surplus after the conflict, with additional production capacity expected to come online. He…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}