Scott Bessent & West Texas Intermediate
15 shared events · Importance 7 · Last updated May 09, 2026
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International
Scott Bessent: Scott Bessent, the Treasury Secretary, stated that the United States naval blockade is part of a broader economic embargo aimed at suffocating the Iranian regime.
West Texas Intermediate: West Texas Intermediate futures fell after Donald Trump's announcement, but oil prices remain significantly above pre-conflict levels due to supply disruptions in the Strait of Hormuz.
May 03, 2026 · 29 articles
International
Scott Bessent: Scott Bessent, US Treasury Secretary, launched an initiative calling for coordinated action to ensure adequate access to fertilizers amid supply disruptions from Gulf countries.
West Texas Intermediate: West Texas Intermediate crude was down, reflecting market uncertainty and volatility, even as refiners sought alternative crude supplies, pushing premiums for WTI Midland.
Apr 02, 2026 · 45 articles
International
Scott Bessent: Scott Bessent, the US Treasury Secretary, is expected to endorse yen-buying intervention, which could help slow the Japan — Japanese yen's slide.
West Texas Intermediate: US crude (West Texas Intermediate) gained significantly, rising to nearly $100 a barrel, driven by the supply disruption caused by the Strait of Hormuz closure.
May 11, 2026 · 8 articles
International
Scott Bessent: Scott Bessent, the US Treasury Secretary, believes the Iran war's impact is short-term volatility for long-term gain, preventing Tehran from developing nuclear weapons.
West Texas Intermediate: West Texas Intermediate crude oil prices have increased following the United States' decision to blockade Iranian ports, indicating market anxiety over potential supply shortages.
Apr 08, 2026 · 307 articles
International
Scott Bessent: Scott Bessent, as US Treasury Secretary, criticized China for hoarding oil during the war, indicating US concerns about global energy market stability.
West Texas Intermediate: West Texas Intermediate crude prices have been highly volatile due to the conflict and the Strait of Hormuz blockade, reflecting market uncertainty and supply disruptions.
Apr 11, 2026 · 283 articles
International
Scott Bessent: Scott Bessent, US Treasury Secretary, is scheduled to meet with officials in Japan, South Korea, and China to discuss economic security and trade, in the context of the broader geopolitical landscape.
West Texas Intermediate: West Texas Intermediate prices surged following the rejection of Iran's peace terms, reflecting heightened market concerns.
May 11, 2026 · 9 articles
International
Scott Bessent: Scott Bessent, US Treasury Secretary, has warned of new economic sanctions on countries doing business with Iran, aiming to inflict more economic pain on Tehran.
West Texas Intermediate: US West Texas Intermediate for May fell due to expectations that US-Iran peace talks would resume, indicating a positive market reaction to potential de-escalation.
Apr 08, 2026 · 702 articles
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