Treasury Secretary Scott Bessent links lower gas prices to end of Iran war

Apr 22, 2026, 4:08:53 PM UTC(19 hours ago)

Impact: Medium

Affected Assets

Treasury Secretary Scott Bessent stated that the Iranian regime must be held accountable for its extortion of global energy markets and targeting of civilians.
National gas prices reached four dollars per gallon in late March 2026 following a thirty percent surge caused by the conflict.
The International Energy Agency characterized the current situation as the largest supply disruption in the history of the global oil market due to the closure of the Strait of Hormuz.
Energy Secretary Chris Wright recently noted that gas prices might not drop below three dollars until next year despite ongoing peace negotiations.
The conflict has triggered a major energy crisis in Europe with Dutch gas benchmarks nearly doubling due to low storage levels and supply suspensions.

Treasury Secretary Scott Bessent says that gas prices will move lower when the war with Iran ends. https://t.co/NeEnwcGtcV