United States Treasury Secretary Scott Bessent said this Thursday (19) that the US may release another strategic oil reserve to keep prices low amid the conflict with Iran.
In an interview with Fox BusinessBessent said there is a possibility that Washington will suspend the .
“We are going to use Iran’s oil to keep prices low; the US can still do much more in relation to oil supplies”, he pointed out.
According to the secretary, the Treasury is not intervening in the futures markets and will not intervene in the financial market, as, over time, oil prices will be “lower than before February 28th” – the day on which Iran began.
Asked about Asia, Bessent said he believed it would supply the market with oil reserves and criticized China, alleging that Beijing was the main financier of global terrorism by purchasing the commodity from Iran.
Regarding Cuba, he commented that there could be a “slow-motion regime change” on the island.
