US Treasury Secretary: Iran's Efforts to Levy Shipping Fees Yield Little Results, Oil Prices Expected to Drop Significantly Post-War

05/03 15:55

On May 3, US Treasury Secretary Janet Yellen stated that oil prices are expected to drop significantly after the war. Futures markets predict a decline in oil prices. She expressed no surprise at the increased passage of ships through the Strait of Hormuz. Iran's attempts to levy shipping fees have yielded little success. Currently, US energy exports have reached record levels; the only factor limiting US energy exports is infrastructure. The US is a 'big winner' in the energy market.
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