Treasury Secretary Scott Bessent told NBC News that whether oil prices fall before the end of 2026 will depend on the Iran conflict. He said core inflation is down, food prices are below the Fed's targets, prescription drug and rent prices have fallen, and the current energy shock should ease once the conflict ends. Gas prices have been rising due to the ongoing war in Iran. Former Trump White House economic adviser Steve Moore expects inflation to stay around 3.5%, above the Fed's target of 2% or lower, and said energy prices are the biggest obstacle to lowering inflation while oil remains between $90 and $100 a barrel.
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XAU/USD
▲ Likely positiveRelevance: low
| Market | Gold |
|---|---|
| Close on 10/19/2026 | 4,140.75 |
| Change that session | -0.60% |
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