US Treasury Secretary says ‘working with global oil producers, consumers to maintain stability in energy markets’

US Treasury Secretary Scott Bessent emphasized the Trump administration’s commitment to working alongside major oil producers and consumers to ensure stability in global energy markets during the ongoing conflict in West Asia. This initiative aims to mitigate potential disruptions that could arise from geopolitical tensions affecting oil supply and prices. Bessent's remarks highlight the importance of international cooperation in maintaining market stability, particularly in light of the volatile situation in the region. As energy prices remain a critical concern for economies worldwide, the US administration seeks to engage with both producers and consumers to foster a collaborative approach that could help buffer against market shocks. This proactive stance reflects the administration's recognition of the interconnected nature of global energy markets and the need for a concerted effort to address challenges that may arise from regional conflicts.