Treasury Secretary Scott Bessent predicted oil prices could drop to between $40 and $50 after the Iran conflict ends, citing massive supply ready to hit the market.
https://www.foxnews.com/media/bessent-predicts-oil-prices-drop-low-40-iran-conflict-ends-supply-floods-market
https://www.foxnews.com/media/bessent-predicts-oil-prices-drop-low-40-iran-conflict-ends-supply-floods-market