Bessent Delivers Reality Check On Oil, Slams Crisis Narrative

On Monday, Treasury Secretary Scott Bessent appeared on CNBC to deliver a blunt, high-stakes briefing on the geopolitical chess match currently upending global energy markets. With U.S.-traded oil hitting the $100-a-barrel mark for only the third time in a decade, Bessent laid out a cold, calculated strategy for a world gripped by what he termed ...