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White House Denies Any Evaluation of Econ Impact of Oil Prices Reaching US$200
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US government officials are studying the potential impact on the economy if oil prices surge to US$200 per barrel, indicating that senior White House officials are examining the consequences of an extreme scenario for the Iran war, Bloomberg quoted sources as saying. Even before the outbreak of war, US Treasury Secretary Scott Bessent had expressed concerns that the conflict could boost oil prices and harm economic growth, sources added. However, a White House spokesperson stated that this claim is untrue, and while the government has been evaluating various pricing plans and their economic impacts, it has not studied the possibility of oil prices reaching US$200 per barrel. Bessent was also not worried about short-term market disruptions caused by the action. AASTOCKS Financial News Website: www.aastocks.com |
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