U.S. expects oil prices to fall after the war in Ukraine ends

United States Secretary of the Treasury Scott Bessent stated that oil prices are expected to decrease once the war in Ukraine is resolved. He also said that stabilizing the situations in Venezuela and Iran is necessary.

He made these statements during an interview with Fox News, as reported by Novyny.LIVE.

Lowering oil prices

"A peace agreement, along with the stabilization of the situations in Venezuela and Iran, could bring a large amount of crude oil back into the global market," said the US Treasury Secretary.

He added that if the war in Ukraine ends, large volumes of oil will be removed from sanctions imposed by the U.S. Treasury Department and will be able to enter the market.

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