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Scott Bessent: “We could see substantial decreases in the oil price with…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Scott Bessent: 'What the Iranians understand is brute FORCE'

Published | Video Starts at 11:04

The people in those states should know that that's because of the president's tariff policy. And then with the peace deals, I think We could see substantial decreases in the oil price with Venezuela, Iran, and if Russia, Ukraine gets solved, that's a lot more oil that gets unsanctioned by treasury. That can go into the market and nothing helps consumers more than lower energy prices. So I think we're in a great spot. Mr. Secretary, we're just about outside, but if I could finish up quickly. (11:04–11:17)

CLAIM

Asserts that resolving issues with Venezuela, Iran, and Russia-Ukraine could lead to significant oil price decreases.

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