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Bessent says energy prices should fall after Iran conflict ends

May 3, 2026, 15:28 GMT+1

US Treasury Secretary Scott Bessent said on Sunday that energy prices, which have surged amid the US-Israel war with Iran, should decline later this year.

“Oil prices on the other side of this conflict are going to be much lower,” Bessent said on Fox Business Network’s Sunday Morning Futures program.

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