Oil Prices Between the War with Iran, Supply Outlook, and Divergent Trends

Oil price coverage diverged, with prices rising as fighting intensified in the Middle East and Ukraine, and falling on the possibility of lifting sanctions on Russian crude. Treasury Secretary Scott Bessent said prices could drop before the end of the year, depending on the war with Iran, while analysts suggested a sharp rise phase was likely.

AI-written summary of 10 sources; every verified point is backed by a verbatim quote. How Iyan works

• Treasury Secretary Scott Bessent said oil prices could fall before the end of the year, but that would depend on the war with Iran.

  «oil prices could go down before the end of the year, but it will depend on the Iran war»

  Yahoo • ua.news
• The Wall Street Journal reported that oil rose as fighting intensified in the Middle East and Ukraine.

  «Oil Climbs as Fighting Flares in Middle East, Ukraine»

  WSJ
• Prices fell in CNBC's coverage amid the possibility of lifting sanctions on Russian crude and rising supply.

  «Oil prices slide as sanctions relief on Russian crude raises hopes of increased supply»

  CNBC
• Analysts suggested that the next phase, after prices surpassed $100, would be a sharp rise.

  «Professional analysts suggest the next phase could be a "super spike."»

  Moomoo

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