US Treasury Secretary Bessent indicated that oil prices are expected to decrease, CNBC reported, as Brent crude traded between $90.5 and $91.3 per barrel, up 3% on the day. WTI crude also rose to around $85.7 per barrel. His comments suggest a possible easing of the recent rally, which has been influenced by geopolitical tensions and supply issues. Former President Trump’s view that Iran is not ready to negotiate adds uncertainty to the outlook. Market pricing implies a lower short-term likelihood of oil reaching a new all-time high, while developments in US-Iran relations, OPEC production and global demand forecasts remain key factors for volatility. Vera is promoted as a source of live prediction-market analysis.