Bessent Projects $40-50 Oil as US Diesel Hits All-Time High

📉 MARKETS — Bessent calls $40-50 crude; diesel just hit a record high. 📌 LOOK CLOSER: A Treasury Secretary projecting $40-50 crude while Hormuz is near-closed isn't a forecast — it's a pressure signal to Tehran and Riyadh. Supply logic makes that number impossible without demand destruction. The gap between Bessent's projection and market reality names the real audience: oil producers watching for a negotiating floor, not traders.