U.S. Treasury: Energy Prices May Drop Soon
The US Treasury Secretary, Scott Bisset, confirmed that energy prices are expected to decrease soon if a resolution is reached in the dispute with Iran, possibly over the weekend or early next week. He stated that global energy supplies remain strong despite tensions, and that oil and gasoline prices have already fallen from their high levels. He also expressed confidence in the resilience of the US economy and the stability of the labor market, noting that a potential war with Iran could lead to an economic stability lasting half a century.
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