West Texas Intermediate & Scott Bessent
45 shared events · Importance 10 · Last updated Aug 24, 2026
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International
West Texas Intermediate: WTI crude fell 1.38% to $85.86, mirroring Brent's decline amid profit-taking and geopolitical tensions.
Scott Bessent: US Treasury Secretary Scott Bessent threatened 'the toughest sanctions in history' on Iran, a key driver of the event.
Aug 23, 2026 · 14 articles
International
West Texas Intermediate: WTI prices also rose, around $81 per barrel, reflecting similar supply disruption fears.
Scott Bessent: Treasury Secretary Bessent vowed unprecedented economic isolation measures against Iran, targeting its trading partners.
Jul 15, 2026 · 127 articles
International
West Texas Intermediate: U.S. crude eased 1.6% to $85.64 a barrel, reflecting market caution over Iran sanctions.
Scott Bessent: Treasury Secretary Scott Bessent is set to announce sanctions on Iran and has announced bond buybacks to restrain yields.
Aug 24, 2026 · 6 articles
International
West Texas Intermediate: U.S. crude also fell, contributing to lower inflation expectations and a weaker dollar.
Scott Bessent: As Treasury Secretary, he confirmed the intervention, pledged 'whatever it takes' support, and hinted at expanding the FIMA facility, boosting market confidence.
Jul 30, 2026 · 162 articles
International
West Texas Intermediate: WTI fell 1.9% to $85.39, mirroring Brent's decline.
Scott Bessent: Bessent is set to provide details of the plan and is pressuring allies and China to join.
Aug 24, 2026 · 11 articles
International
West Texas Intermediate: US oil benchmark; its price has also declined on hopes of a deal, impacting energy markets.
Scott Bessent: US Treasury Secretary; his comments on a possible deal have directly moved oil prices and market sentiment.
Apr 08, 2026 · 321 articles
International
West Texas Intermediate: West Texas Intermediate>>> crude prices have climbed as a result of the escalating conflict and supply concerns, reflecting the broader impact on global oil markets.
Scott Bessent: Scott Bessent>>>, United States>>> Treasury Secretary, has vowed to use Iranian funds to pay for damage caused to Gulf allies and to offset tolls paid to the Persian Gulf Strait Authority.
Apr 20, 2026 · 607 articles
International
West Texas Intermediate: West Texas Intermediate crude prices fell on hopes of a U.S.-Iran ceasefire extension, which could alleviate supply concerns and reduce upward price pressure.
Scott Bessent: As US Treasury Secretary, Scott Bessent has reiterated Trump's 'red lines' for a deal and has threatened to 'aggressively target' Oman if it facilitates tolls in the Strait of Hormuz, indicating the US stance on sanctions and maritime freedom.
May 18, 2026 · 309 articles
International
West Texas Intermediate: West Texas Intermediate crude prices fell on hopes of a U.S.-Iran ceasefire extension, which could alleviate supply concerns and reduce upward price pressure.
Scott Bessent: Scott Bessent, the US Treasury Secretary, predicted that oil prices could come down quickly once a deal between the US and Iran is finalized, indicating the economic impact of the negotiations.
May 27, 2026 · 101 articles
International
West Texas Intermediate: WTI prices also rose significantly, impacting US energy markets and consumers.
Scott Bessent: As Treasury Secretary, Bessent has imposed sanctions on Iran and commented on the economic impact of the war.
Apr 08, 2026 · 416 articles
International
West Texas Intermediate: WTI crude rose to $85.70, tracking Brent higher on Hormuz uncertainty.
Scott Bessent: Treasury Secretary Bessent announced new economic measures on Iran, increasing pressure.
Aug 17, 2026 · 33 articles
International
West Texas Intermediate: West Texas Intermediate crude prices have also been affected by the US-Iran conflict, experiencing volatility and price increases due to supply concerns related to the Strait of Hormuz.
Scott Bessent: As US Treasury Secretary, Scott Bessent>>> believes elevated yields and inflation are transient and will subside when the conflict ends and the Strait of Hormuz>>> reopens.
May 07, 2026 · 362 articles
Business
West Texas Intermediate: Fell on hopes for U.S.-Iran deal.
Scott Bessent: Treasury Secretary, hinted at a deal with Iran to reopen the Strait of Hormuz.
Jul 14, 2026 · 280 articles
International
West Texas Intermediate: WTI has risen to three-week highs above $85, reflecting supply fears. Higher oil prices are a key market impact.
Scott Bessent: Treasury Secretary Bessent threatened economic isolation for Iran, adding to pressure.
Jul 31, 2026 · 335 articles
International
West Texas Intermediate: West Texas Intermediate (WTI) crude prices have risen, mirroring the global trend in oil prices due to the Iran war.
Scott Bessent: Scott Bessent, U.S. Treasury Secretary, reassured about the temporary nature of the sanctions waiver on Russian seaborne oil.
May 05, 2026 · 374 articles
Domestic
West Texas Intermediate: West Texas Intermediate, the U.S. benchmark crude, experienced a 27% fall in the last month, yet gasoline prices have not decreased commensurately, fueling the controversy and government scrutiny.
Scott Bessent: Scott Bessent, the Treasury Secretary, warned producers and refiners of potential administrative action if pump prices do not decline sharply.
Apr 20, 2026 · 25 articles
International
West Texas Intermediate: US oil benchmark rising, reflecting market concerns over Hormuz closure.
Scott Bessent: US Treasury Secretary announcing further sanctions on Iran, escalating economic pressure.
Aug 12, 2026 · 174 articles
International
West Texas Intermediate: West Texas Intermediate crude prices have risen significantly due to the disruption of oil shipments caused by the Strait of Hormuz standoff.
Scott Bessent: Scott Bessent, the US Treasury Secretary, stated that the US naval blockade is part of a broader economic embargo aimed at suffocating the Iranian regime.
Apr 26, 2026 · 590 articles
International
West Texas Intermediate: West Texas Intermediate>>> prices have fallen on hopes of a peace deal, reflecting the market's expectation of increased oil supply.
Scott Bessent: Scott Bessent, the Treasury Secretary, declined to confirm an agreement, emphasizing that the decision rests with President Donald Trump.
May 02, 2026 · 472 articles
International
West Texas Intermediate: WTI prices are also affected by the Hormuz situation, moving in tandem with Brent.
Scott Bessent: US Treasury Secretary hinted at a possible deal, indicating economic considerations in the negotiations.
Mar 09, 2018 · 316 articles
International
West Texas Intermediate: West Texas Intermediate crude oil futures fell, which could offer some relief to Japan's import costs, but the overall impact on the Japan — Japanese yen's weakness is limited.
Scott Bessent: Scott Bessent, the US Treasury Secretary, met with Japanese Finance Minister Satsuki Katayama, and they agreed on taking bold steps on currencies if needed.
Apr 20, 2026 · 50 articles
International
West Texas Intermediate: West Texas Intermediate prices are influenced by global geopolitical events and supply disruptions, with its trading upwards reflecting market volatility and anxieties over supply bottlenecks.
Scott Bessent: Scott Bessent, US Treasury Secretary, had previously indicated that the US waiver would not be renewed, though a short-term extension was later issued.
May 18, 2026 · 21 articles
International
West Texas Intermediate: West Texas Intermediate>>> crude prices have spiked due to the conflict and the effective shuttering of the Strait of Hormuz>>>, reflecting the market's reaction to supply concerns.
Jun 03, 2026 · 17 articles
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