‘Oil prices TRANSITORY!’: Bessent downplays Iran War shock as Trump faces heat on rising costs
U.S. Treasury Secretary Scott Bessent sparks controversy after calling rising inflation “transitory,” echoing Biden-era messaging as oil prices surge due to the Iran war. He downplays the economic shock, insisting energy-driven inflation will ease once global tensions cool.The remarks come as Trump faces mounting pressure over rising costs and global market instability.
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