Treasury Secretary Says Keep Open Mind on Iran Conflict Inflation Effects

U.S. Treasury Secretary Bessent said officials need to keep an open mind about possible inflation effects from the Iran conflict. The statement came as markets and policymakers monitor energy prices and supply routes that could shift if tensions rise further.

Background on the Conflict The Iran conflict has already prompted some shipping companies to reroute vessels away from the Persian Gulf area. Energy analysts have noted that any sustained disruption could add upward pressure on crude prices, though the scale remains uncertain. Bessent's remarks did not include specific forecasts or policy proposals.

Officials are expected to continue reviewing incoming data on fuel costs and broader price indexes. No immediate changes to monetary or fiscal plans were announced alongside the comments.