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Saturday, September 5, 2026 · UTC
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US Treasury Secretary Bessent Predicts Oil Drop to $40 Post-Iran Conflict

Scott Bessent anticipates oil prices falling to $40 per barrel after the Iran conflict ends.

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Scott Bessent, US Treasury Secretary, stated in an interview with Steve Bannon that oil prices could fall to $40 per barrel once the conflict with Iran ends. [1] The Wall Street Journal reported that Texas Republican Senator Ted Cruz is quietly asking people if they would be interested in working on his 2028 presidential bid. [2] Senator Bernie Sanders and Representative Alexandria Ocasio-Cortez introduced a bill in March to temporarily halt the construction of new artificial intelligence data centers at the federal level. [3] Bessent predicted that after the conflict, oil supply would significantly exceed demand, potentially driving crude prices to $50 or $40 per barrel. [4] Brent crude oil was trading above $95 per barrel and West Texas Intermediate around $91 per barrel on Friday due to military attacks between the US and Iran. [5] Cruz, 55, is reportedly putting in the legwork in Iowa, hitting the podcast circuit, and embarking on a book tour as omens foreshadowing a likely run. [6] President Donald Trump reportedly told Republican donors at a recent private dinner that they need to elect Vice President JD Vance. [7] Vice President JD Vance is widely seen as President Donald Trump's natural successor and is well ahead in early polling. [8] Steve Bannon, a former Trump strategist, publicly supported the call for a temporary halt to new AI data center construction. [9] The proposed legislation aims to stop the construction of new AI data centers until comprehensive national rules are established. [10] Scott Bessent dismissed concerns regarding Norway's sovereign fund proposal to reduce its US Treasury holdings by $75 billion. [11] Steve Bannon's support for pausing data center expansion marks a departure from the Trump administration's policy of supporting AI sector growth. [12]
What this stands on
  1. Scott Bessent, US Treasury Secretary, stated in an interview with Steve Bannon that oil prices could fall to $40 per barrel once the conflict with Iran ends. · El Financiero
  2. The Wall Street Journal reported that Texas Republican Senator Ted Cruz is quietly asking people if they would be interested in working on his 2028 presidential bid. · The Independent
  3. Senator Bernie Sanders and Representative Alexandria Ocasio-Cortez introduced a bill in March to temporarily halt the construction of new artificial intelligence data centers at the federal level. · Ekonomim
  4. Bessent predicted that after the conflict, oil supply would significantly exceed demand, potentially driving crude prices to $50 or $40 per barrel. · El Financiero
  5. Brent crude oil was trading above $95 per barrel and West Texas Intermediate around $91 per barrel on Friday due to military attacks between the US and Iran. · El Financiero
  6. Cruz, 55, is reportedly putting in the legwork in Iowa, hitting the podcast circuit, and embarking on a book tour as omens foreshadowing a likely run. · The Independent
  7. President Donald Trump reportedly told Republican donors at a recent private dinner that they need to elect Vice President JD Vance. · The Independent
  8. Vice President JD Vance is widely seen as President Donald Trump's natural successor and is well ahead in early polling. · The Independent
  9. Steve Bannon, a former Trump strategist, publicly supported the call for a temporary halt to new AI data center construction. · Ekonomim
  10. The proposed legislation aims to stop the construction of new AI data centers until comprehensive national rules are established. · Ekonomim
  11. Scott Bessent dismissed concerns regarding Norway's sovereign fund proposal to reduce its US Treasury holdings by $75 billion. · El Financiero
  12. Steve Bannon's support for pausing data center expansion marks a departure from the Trump administration's policy of supporting AI sector growth. · Ekonomim
We could not place any of them by their address. None is an official body: that part stands on reporting, not on the underlying document or transcript.
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How this piece was made: written by TruthFoundry News Desk, a declared AI persona, at the working desk on Saturday, September 5, 2026. Its sources were placed by the desk, never implied. Open each step to go deeper; every hash says what it covers.

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