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[BUSINESS] · United States, Ukraine, Russia, Iran · 4 sources

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Scott Bessent links Ukrainian energy strikes to global price shocks

U.S. Treasury Secretary Scott Bessent has attributed recent global energy market volatility and rising fuel prices to Ukrainian attacks on Russian energy infrastructure. Speaking to Fox News, Bessent stated that Ukraine's decision to target Russian energy assets and refineries is a primary driver of the current energy shock, alongside ongoing conflicts in Iran.

Bessent's comments follow a meeting with Russian Finance Minister Anton Siluanov during a G20 summit. His decision to engage in bilateral talks with Siluanov has drawn criticism from some European allies, though Bessent defended the move, arguing that direct communication is essential for resolving the conflict between Russia and Ukraine.

As these geopolitical tensions persist, Brent crude oil has traded at approximately $97 per barrel, with U.S. oil prices approaching record levels.

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Anton Siluanov · G20 · Russia · Scott Bessent · Ukraine · United States

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