Bessent partly blames Ukraine for ‘energy shock’ pushing up prices
Summary
Treasury Secretary Scott Bessent said that Ukraine partly caused the current energy price shock, which has been made worse by the war involving Iran and Russia's long conflict with Ukraine. He also mentioned that the trade policies from the Trump administration with Canada will not significantly change prices in the United States.Key Facts
- Treasury Secretary Scott Bessent spoke about energy price issues on “Fox & Friends.”
- He said Ukraine partly caused the recent energy shock.
- The energy shock is linked to the Iran war and Russia’s war with Ukraine lasting over four years.
- Bessent said the Trump administration’s trade war with Canada will have little effect on U.S. prices.
- The discussion took place during a television interview.
- The energy price changes are linked to global conflicts involving Middle East and Eastern Europe.
- The U.S. economy and prices are affected by these international events.
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