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13 Jun 2026, 02:32

Scott Basset, the U.S. Treasury Secretary, announced in an interview with "Fox News" that, given the progress of negotiations, a peace agreement with Iran is expected to be finalized "likely by the end of this week or on Monday."

Basset pointed out that Donald Trump's decisions to prevent Tehran from acquiring nuclear weapons imposed short-term costs and pressures on the fuel market and American families' economies. He added, "We understand that the past few months have been tough, and the rise in energy prices has consumed a large portion of wage growth, but we are moving past this critical situation."

The U.S. Treasury Secretary emphasized that the country's economic infrastructure is currently functioning very robustly and that the energy market is well-supplied. He noted that with the resolution of this dispute and the containment of inflation, global oil prices have decreased by about 25 to 30 percent, and domestic gasoline prices have dropped by more than 10 percent from their peak, with the downward trend in prices and reduction in living costs for people continuing strongly.
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