United States — Energy Information Administration & Scott Bessent

United States — Energy Information Administration: The United States — Energy Information Administration>>> provides data on the components of gasoline prices, explaining how crude oil costs influence pump prices.

Scott Bessent: As the US Treasury Secretary, Scott Bessent>>> attended the G7>>> meeting, engaging in discussions on global imbalances, cybersecurity, and critical minerals. He announced the temporary extension of sanctions suspension on Russian oil, aiming to stabilize the crude market.

United States — Energy Information Administration: The United States — Energy Information Administration>>> provides data on U.S. crude oil inventories and strategic petroleum reserve drawdowns, which are key indicators for oil market participants.

Scott Bessent: As US Treasury Secretary, Scott Bessent>>> believes elevated yields and inflation are transient and will subside when the conflict ends and the Strait of Hormuz>>> reopens.

United States — Energy Information Administration: The United States — Energy Information Administration (EIA) reported a significant fall in U.S. crude inventories, providing data that reflects the impact of the conflict on oil supplies.

Scott Bessent: Scott Bessent>>>, United States>>> Treasury Secretary, has vowed to use Iranian funds to pay for damage caused to Gulf allies and to offset tolls paid to the Persian Gulf Strait Authority.

United States — Energy Information Administration: The United States — Energy Information Administration>>> provides data on U.S. crude oil inventories and strategic petroleum reserve drawdowns, which are key indicators for oil market participants.

Scott Bessent: Scott Bessent, the US Treasury Secretary, stated that the US naval blockade is part of a broader economic embargo aimed at suffocating the Iranian regime.

United States — Energy Information Administration: The United States — Energy Information Administration>>> reported significant declines in global crude and fuel stocks, with draws accelerating in recent months.

Scott Bessent: Scott Bessent>>> is the Secretary of the United States_Department_of_the_Treasury>>> whose thinking is influencing the decision to potentially allow Gulf allies to tap into frozen Iranian assets.

United States — Energy Information Administration: The United States — Energy Information Administration forecast that the Strait of Hormuz would remain effectively shut until at least late May.

Scott Bessent: Treasury Secretary Scott Bessent issued a statement regarding the new sanctions, asserting that Iran's actions prove the regime is desperate for cash due to 'Economic Fury'.

United States — Energy Information Administration: The United States — Energy Information Administration reported on US crude, gasoline, and distillate stock changes, providing data relevant to the oil market's response to the event.

Scott Bessent: Scott Bessent, the US Treasury secretary, announced the extension of sanctions waivers for Russian oil cargoes to help vulnerable nations.