Bessent said if President Trump approves a potential Iran agreement, the U.S.
would use military and economic measures to ensure strict compliance; a key
compliance metric would be restoration of freedom of navigation through the
Strait of Hormuz. He described recent inflationary pressure as limited and
largely energy-driven, said markets have looked past near-term volatility and
are pricing longer-term confidence in government macro strategy, and forecast
energy prices will fall further in coming months. He added WTI is about 20–25%
below its prior closing peak and gasoline is roughly 5% lower, with further
declines expected.
