Treasury Secretary Scott Bessent stated on Wednesday that Ukraine is partially responsible for the "energy shock" resulting from the ongoing conflict involving Iran and Russia's prolonged war with Ukraine. Bessent made these comments during an appearance on "Fox & Friends" with co-host Brian Kilmeade. He also mentioned that the Trump administration's trade war with Canada will have "virtually no impact on American prices."
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Treasury Secretary Bessent discusses factors affecting energy prices
Treasury Secretary Scott Bessent attributed part of the recent energy price increases to the conflict in Ukraine, alongside the Iran war. He also commented on the minimal expected impact of the trade war with Canada on American prices during a television appearance.
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Bessent partly blames Ukraine for ‘energy shock’ pushing up prices
Treasury Secretary Bessent discusses factors affecting energy prices