Bessent Predicts Oil, Inflation Drop After 60-Day Iran Crude Waiver
Updated
Updated · asiae.co.kr · Jun 24
Bessent Predicts Oil, Inflation Drop After 60-Day Iran Crude Waiver
3 articles · Updated · asiae.co.kr · Jun 24
Summary
Scott Bessent said a U.S.-Iran memorandum to end hostilities should push gasoline prices lower and help inflation return to target as follow-up negotiations proceed.
A 60-day waiver on Iranian crude sales is meant to support the global market, he said, framing the measure as part of the negotiating process rather than a policy shift.
Kevin Warsh kept the benchmark rate unchanged at his first FOMC meeting this month, and Bessent said Trump had pledged to respect the new Fed chair's independence despite earlier pressure on Jerome Powell.
China remained Bessent's broader strategic focus: he called the biggest AI risk a Chinese overtake of the U.S. and warned Washington would answer supply-chain coercion, technology theft and sanctions evasion.