Scott Bessent: ‘Oil Prices Are Already Lower Three Months, Six Months, Nine Months Out’

BESSENT: “I think oil prices — we can see in the futures market that oil prices are already lower three months, six months, nine months out. But, again, Maria, there are hundreds of oil tankers waiting in the gulf to come out. The U.S. is only blockading Iranian ships, and, you know, or we will see. I wouldn’t be surprised if we don’t see more of those ships to coming out. The Iranians — it reminds me they’re kind of like the Keystone cops here. It reminds me of Baghdad Bob back during the iraqi war. You had the guy kind of spouting nonsense while the tanks were driving around behind him. And the Iranians are like this. They’re not tolling the strait. We think that they’ve gotten less than $1.3 million in tolls which is a pittance on their previous daily oil revenuings.”

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Scott Bessent: ‘Oil Prices Are Already Lower Three Months, Six Months, Nine Months Out’‘The U.S. is only blockading Iranian ships’News & Politics,InternationalRUSH EXCERPT:BESSENT: “I think oil prices — we can see in the futures market that oil prices are already lower three months, six months, nine months out. But, again, Maria, there are hundreds of oil tankers waiting in the gulf to come out. The U.S. is only blockading Iranian ships, and, you know, or we will see. I wouldn’t be surprised if we don’t see more of those ships to coming out. The Iranians — it reminds me they’re kind of like the Keystone cops here. It reminds me of Baghdad Bob back during the iraqi war. You had the guy kind of spouting nonsense while the tanks were driving around behind him. And the Iranians are like this. They’re not tolling the strait. We think that they’ve gotten less than $1.3 million in tolls which is a pittance on their previous daily oil revenuings.”Video filesFullCompactSort byDateSummaryRelevancePopularityPer page81216Audio filesFullCompactSort byDateSummaryRelevancePopularityPer page81216Recipient e-mailMessage (optional)Preview

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