Event Brief
Bessent: Treasury Won't Intervene in Oil Markets
Filed: Mar 16, 2026 at 9:02 AM ET
Summary: Treasury Secretary Scott Bessent denies plans to intervene in oil prices, citing lack of authority.
WHO: Treasury Department
WHAT: Bessent addresses rumors of market intervention
WHEN: Mar 16, 2026 at 8:28 AM ET
WHERE: Washington, D.C.
WHY: To clarify the administration's stance on oil price intervention
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