Bessent Forecasts Crude Decline to $40 Following Iran Conflict Resolution
US Treasury Secretary Scott Bessent projects a substantial downturn in global crude prices driven by emerging supply additions.
United States Treasury Secretary Scott Bessent has projected that global crude oil prices could decline to as low as $40 per barrel once the conflict involving Iran comes to an end.
The anticipated softening of energy prices is driven by expectations of a heavily oversupplied international petroleum market. According to Bessent, the influx of new production coming online is poised to create substantial surplus volumes once the wartime pressures ease.
A transition toward significantly lower crude benchmarks would mark a notable realignment in global energy economics. Energy commodity pricing remains a fundamental driver for operational overhead across commercial supply chains, directly impacting downstream fuel and bunker markets.
Market observers across maritime logistics and trade networks continue to track the trajectory of post-war energy supply developments, assessing how rapid capacity additions may reshape international commodity flows and broader macroeconomic conditions.
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