US Treasury Secretary Bessent says we will overcome what Iran thinks is a chokepoint; energy prices and inflation will be lower with absolute security

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US Treasury Bessent says USD has reasserted itself as save haven; dollar appreciated, capital is flowing in

US Treasury Secretary Bessent says oil market is well supplied; US doesn't believe chokepoint exists in Strait of Hormuz; starting to see more movement in and out of the gulf

US Treasury Secretary Bessent says we will overcome what Iran thinks is a chokepoint; energy prices and inflation will be lower with absolute security

US sells 4-week bills at a high rate of 3.620%, B/C 3.03x; US sells 8-week bills at a high rate of 3.630%, B/C 3.14x

Tata Motors, Audi (VOW3 GY) and BMW’s (BMW GY) India unit plan price increases from April as higher material and logistics costs linked to Middle East turmoil pressure the market, Nikkei reports

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Context

The comments from Treasury Secretary Bessent suggest a strong U.S. stance regarding energy security, likely aimed at reassuring markets amid concerns over geopolitical tensions with Iran. If energy prices stabilize or decrease, this could alleviate inflation pressures, which is crucial for economic sentiment. Traders should monitor how this rhetoric might influence oil markets and related assets moving forward.

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