US Treasury: Oil could drop to $40
U.S. Treasury Secretary Steve Bissaint expects oil prices to fall to between $40 and $50 per barrel after the end of the war with Iran, due to the return of supplies and an increase in global availability. He clarified that this decline in oil prices would help ease inflationary pressures by reducing transportation and production costs, and it would lead to a decline in U.S. Treasury bond yields, which have recently risen due to concerns over persistent inflation. Meanwhile, the price of Brent crude remains near $95.62, with the market continuing to receive support from supply risks through the Strait of Hormuz.
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