[MARKET UPDATE] Crude futures see downticks as US Treasury Secretary Bessent suggests US could do another SPR release to keep price down and that US may unsanction Iranian oil on water
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US Secretary of War Hegseth says US objectives on Iran are on target and on plan; Iranian objectives have not changed from the start; today will again be the largest strike package on Iran; US will finish the operation
[MARKET UPDATE] Crude futures see downticks as US Treasury Secretary Bessent suggests US could do another SPR release to keep price down and that US may unsanction Iranian oil on water
US Treasury Secretary Bessent says US is not attacking Iran's energy infrastructure; we have allowed Iran oil to continue out of the Gulf, via Fox Business Interview; US may unsanction Iranian oil on the water in the coming days
[MARKET UPDATE] Markets see a modest hawkish reaction (stocks, bonds, precious metals down) as another G10 central bank tilts more hawkish amid the energy shock from the Iranian war
On the Newsquawk feed at , 20 minutes before this page.
Context
The comments from US Treasury Secretary Bessent regarding a potential SPR release and the possibility of unsanctioning Iranian oil suggest a more interventionist approach to curbing rising crude prices. This could ease supply constraints in the short term, impacting both WTI and Brent prices, especially amid current geopolitical tensions. Traders should watch for market reactions as these developments may influence sentiment toward energy commodities and risk appetite more broadly.
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