Back to today’s briefing

Story perspectives

Trump's Peace Deals Could Lower Oil Prices, Boost Economy

11/22/2025

34 5

Summary

Story summary

Treasury Secretary Scott Bessent says U.S. President Donald Trump’s peace deals yield economic benefits.
In a Fox News interview, he said oil prices could fall further if Venezuela or the Russia-Ukraine conflict escalates.
Lower oil and gasoline prices would boost affordability and influence food prices.
The remarks follow rising tensions with Venezuela after U.S. military strikes on drug-trafficking boats in the Caribbean.

1 of 1

Story summary

Treasury Secretary Scott Bessent says U.S. President Donald Trump’s peace deals yield economic benefits.
In a Fox News interview, he said oil prices could fall further if Venezuela or the Russia-Ukraine conflict escalates.
Lower oil and gasoline prices would boost affordability and influence food prices.
The remarks follow rising tensions with Venezuela after U.S. military strikes on drug-trafficking boats in the Caribbean.