US Treasury Secretary Bessent says he think Iran conflict will end, and gas prices will drop; gas prices may even get lower than pre-war

Bessent’s comments suggest a confidence in de-escalation regarding the Iran conflict, which, if realized, could significantly alleviate supply pressures and lead to lower gas prices. The implication of prices falling below pre-war levels signals a potential shift in the energy market dynamics, likely influencing inflation expectations and consumer sentiment. Watch how this shapes commodity flows and risk assets, especially in energy-sensitive markets.