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3 days ago

Bessent rules out government intervention in oil futures market during Iran war

Treasury Secretary Scott Bessent said the U.S. government will not intervene in oil futures markets even as the administration moves to offset supply disruptions tied to the Iran conflict, arguing that Washington’s response will focus on boosting physical crude availability instead."We’re absolutely not doing that," Bessent told FOX Business' "Mornings With Maria" on Thursday, when asked about possible Treasury intervention in the futures market. "We’re not intervening in the financial markets. We are supplying the physical markets."In an interview with Maria Bartiromo, Bessent said the admini...

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3 days ago
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