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The head of the US Treasury predicted the collapse of OPEC

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US Treasury Secretary Scott Bessent announced the inevitability of the collapse of OPEC after the situation in the Middle East normalizes.
Previously, Donald Trump also criticized the cartel.

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OPEC was created in 1960.

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US Treasury Secretary Scott Bessent predicted the inevitable collapse of the OPEC oil alliance, which will occur after the situation in the Middle East improves, affecting fuel prices due to the continuation of the Iranian conflict. The minister is quoted by RIA Novosti.

“One fine day... the situation in the Middle East will normalize, and OPEC will collapse,” Bessent emphasized.

United States President Donald Trump, one of whose closest allies he is, has previously said that he considers OPEC, created in 1960, an illegal cartel.

Open Questions

When exactly will the situation in the Middle East improve?
What will be the real steps of the US against OPEC?

The head of the US Treasury predicted the collapse of OPEC

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Why It Matters

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The head of the US Treasury predicted the collapse of OPEC

Quick Look

Why It Matters

Open Questions

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