{"id":37077,"date":"2026-09-04T01:32:22","date_gmt":"2026-09-04T01:32:22","guid":{"rendered":"https:\/\/www.europesays.com\/ukraine\/37077\/"},"modified":"2026-09-04T01:32:22","modified_gmt":"2026-09-04T01:32:22","slug":"bessent-blames-ukraine-for-high-energy-prices","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ukraine\/37077\/","title":{"rendered":"Bessent Blames Ukraine for High Energy Prices"},"content":{"rendered":"<p class=\"css-12m5bll evys1bk0\">Treasury Secretary Scott Bessent named a new culprit this week for the high energy prices that are weighing on the world economy: Ukraine.<\/p>\n<p class=\"css-12m5bll evys1bk0\">After two days of meetings in North Carolina with finance ministers from around the world, Mr. Bessent cited Ukraine\u2019s attacks on Russia\u2019s oil infrastructure as part of the reason for the global energy shock.<\/p>\n<p class=\"css-12m5bll evys1bk0\">The comments came after the United States <a class=\"css-povzk\" href=\"https:\/\/www.nytimes.com\/2026\/09\/01\/world\/europe\/g20-bessent-trump-allies.html\" title=\"\" rel=\"nofollow noopener\" target=\"_blank\">angered some allies<\/a> who have staunchly supported Ukraine for inviting Russia\u2019s finance minister, Anton Siluanov, to the gathering of the Group of 20 nations. Four years into the war, Ukraine has recently resorted to launching drone attacks on Russian oil refineries, costing Russia tens of millions of barrels in refined oil exports and disrupting global supplies.<\/p>\n<p class=\"css-12m5bll evys1bk0\">\u201cWe are going through an energy shock right now due to both the war in Ukraine \u2014 because Ukraine has decided that they want to blow up Russian energy assets and refine products, so that is creating upward price pressure on a global basis,\u201d Mr. Bessent said on Fox News on Wednesday. \u201cAnd then the conflict in Iran. And the conflict in Iran will end.\u201d<\/p>\n<p class=\"css-12m5bll evys1bk0\">Mr. Bessent is facing a challenge as he tries to cool global energy prices while increasing economic pressure on Iran. U.S. diesel fuel prices approached a record high on Thursday as the price of Brent crude, the global benchmark for oil, ticked up to about $97 a barrel.<\/p>\n<p class=\"css-12m5bll evys1bk0\">Most lawmakers in the United States consider Russia the aggressor in its war with Ukraine. The Senate passed bipartisan legislation that would require the Trump administration to impose tougher sanctions on Russia.<\/p>\n<p class=\"css-12m5bll evys1bk0\">But Mr. Bessent and President Trump have taken a more accommodating approach to dealing with Russia.<\/p>\n<p class=\"css-12m5bll evys1bk0\">In April, the Treasury secretary faced criticism for temporarily lifting sanctions on some Russian oil in an effort to lower global energy prices.<\/p>\n<p class=\"css-12m5bll evys1bk0\">He stirred controversy at the G20 summit for holding a bilateral meeting with Mr. Siluanov. At similar forums in the past, U.S. and other Western officials left the room when Mr. Siluanov addressed his counterparts by teleconference.<\/p>\n<p class=\"css-12m5bll evys1bk0\">Mr. Bessent <a class=\"css-povzk\" href=\"https:\/\/www.nytimes.com\/2026\/09\/01\/business\/economy\/bessent-china-iran-g20.html\" title=\"\" rel=\"nofollow noopener\" target=\"_blank\">defended his meeting<\/a> with Mr. Siluanov at a news conference on Tuesday.<\/p>\n<p class=\"css-12m5bll evys1bk0\">\u201cUnfortunately, this horrible conflict between Russia and Ukraine \u2014 if the sides don\u2019t talk, if we are not engaged, then how can it be solved?\u201d Mr. Bessent said. \u201cI know that some Europeans had a sour taste, but I think it\u2019s very important to to engage.\u201d<\/p>\n<p class=\"css-12m5bll evys1bk0\">Russia\u2019s president, Vladimir V. Putin, this week expressed solidarity with Iran and praised its \u201ccourage and resilience.\u201d<\/p>\n<p class=\"css-12m5bll evys1bk0\">Mr. Bessent\u2019s criticism of Ukraine\u2019s military tactics drew backlash among some Ukrainians.<\/p>\n<p class=\"css-12m5bll evys1bk0\">Anton Gerashchenko, a former adviser to Ukraine\u2019s internal affairs minister, said the war in Iran was the main reason oil prices were elevated.<\/p>\n<p class=\"css-12m5bll evys1bk0\">\u201cThe war in Iran has had significantly more impact on the global energy market than Ukrainian strikes diminishing Russia\u2019s capacity to wage a war of aggression against Ukraine,\u201d Mr. Gerashchenko said in a social media post.<\/p>\n<p class=\"css-12m5bll evys1bk0\">Mr. Bessent has had a fraught relationship with Ukraine since the beginning of Mr. Trump\u2019s second term, when the secretary traveled there and clashed with its president, Volodymyr Zelensky, over the terms of an agreement concerning the country\u2019s minerals.<\/p>\n<p class=\"css-12m5bll evys1bk0\">According to the book \u201cRegime Change\u201d by Maggie Haberman and Jonathan Swan, New York Times reporters, Mr. Bessent urged Mr. Trump not to invite Mr. Zelensky to the White House last year for an Oval Office meeting until the minerals deal was signed. The Treasury secretary referred to Mr. Zelensky as a \u201cspecial-needs child for the Europeans\u201d and said he was acting like \u201cMr. Bean on crack.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Treasury Secretary Scott Bessent named a new culprit this week for the high energy prices that are weighing&hellip;\n","protected":false},"author":2,"featured_media":37078,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[12791,178,30,8148,42,169,793,414,12957,12956,12626,177,26,180,181,532,171,170],"class_list":["post-37077","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","tag-bessent","tag-donald-j","tag-europe","tag-fox-news-channel","tag-iran","tag-kyiv-ukraine","tag-oil-petroleum-and-gasoline","tag-putin","tag-regime-change-inside-the-imperial-presidency-of-donald-trump-book","tag-scott","tag-treasury-department","tag-trump","tag-ukraine","tag-united-states-international-relations","tag-united-states-politics-and-government","tag-vladimir-v","tag-volodymyr","tag-zelensky"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ukraine\/wp-json\/wp\/v2\/posts\/37077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ukraine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ukraine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ukraine\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ukraine\/wp-json\/wp\/v2\/comments?post=37077"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ukraine\/wp-json\/wp\/v2\/posts\/37077\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ukraine\/wp-json\/wp\/v2\/media\/37078"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ukraine\/wp-json\/wp\/v2\/media?parent=37077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ukraine\/wp-json\/wp\/v2\/categories?post=37077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ukraine\/wp-json\/wp\/v2\/tags?post=37077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}