Treasury Secretary Bessent: We will get on the other side of the Iran conflict

Summary

Treasury Secretary Scott Bessent discusses the G20 finance ministers meeting in Asheville, saying oil prices will come down and the U.S. will get past the Iran conflict. He argues sanctions and the blockade are economically isolating Iran, with Iranian floating oil supply dwindling, and that China is not an obstacle to financial pressure on Iran. He also emphasizes a U.S. policy agenda of deregulation, energy certainty, and tax certainty.

• Bessent is interviewed at the G20 finance ministers meeting in Asheville, North Carolina.
• He states oil prices are going to come down.
• He links oil prices, trade deals, and the U.S. growth agenda.
• He says Iran is economically cut off by sanctions and blockade, with only 30 million barrels of Iranian oil left on the water.
• He argues the U.S. can pressure Iran without China and shares interests with China on nonproliferation and Strait transit.
• He describes the U.S. agenda as deregulation, energy certainty, and tax certainty.
• He had a robust meeting with Chinese central bank Governor Pan.