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US Treasury Secretary: Expects Iran Conflict to End, Natural Gas Prices to Fall

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April 22 — U.S. Treasury Secretary Janet Yellen said she expects the Iran conflict to end, which would drive down natural gas prices. Gasoline prices could fall below pre-conflict levels with Iran. President Trump has shown his ability to lower energy costs. The claim that Iran would gain $14 billion from sanctions relief is “pure fantasy,” the U.S. Treasury Department stated. Lifting sanctions on Iran would release more than 250 million barrels of seaborne oil, the department added — without this action, prices would be higher (Kinling).
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