Gasoline & Scott Bessent

Gasoline: Inventories at multi-year lows, margins near record levels, US prices above $4 per gallon.

Scott Bessent: As Treasury Secretary, Bessent has imposed sanctions on Iran and commented on the economic impact of the war.

Gasoline: Gasoline prices have climbed significantly across the United States, driven by the global energy crisis caused by the Iran war and the constrained Strait of Hormuz, impacting consumer spending and sentiment.

Scott Bessent: Scott Bessent, U.S. Treasury Secretary, reassured about the temporary nature of the sanctions waiver on Russian seaborne oil.

Gasoline: Inventories at multi-year lows, prices above $4/gallon in the U.S., causing political and economic pressure.

Scott Bessent: Treasury Secretary Bessent threatened economic isolation for Iran, adding to pressure.

Gasoline: US gasoline prices up 29% year-over-year, causing political and economic strain.

Scott Bessent: US Treasury Secretary announcing further sanctions on Iran, escalating economic pressure.

Gasoline: US gasoline futures that fell on deal optimism, reflecting energy market impact.

Scott Bessent: US Treasury Secretary hinted at a possible deal, indicating economic considerations in the negotiations.