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U.S. Treasury Secretary: Believes Iran Conflict Will End, Gas Prices Will Drop
On April 22, U.S. Treasury Secretary Yellen stated that she believes the Iran conflict will come to an end, leading to a decrease in gas prices. Gasoline prices could fall below levels seen before the Iran war. President Trump has proven adept at lowering energy costs. The claim that Iran could gain $14 billion from lifted sanctions is ‘utter nonsense.’ The U.S. Treasury can release over 250 million barrels of offshore oil by lifting sanctions, and without this measure, prices would be higher. (Jinshi)