U.S. Senate
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Bessent blames Ukraine's strikes on Russian oil for global energy shock after meeting Russia's finance minister at G20
US Treasury Secretary Scott Bessent said Ukrainian strikes on Russian oil infrastructure are driving up global fuel prices, naming both the Russia–Ukraine war and the conflict around Iran as causes of an energy shock. The remarks came after he held bilateral talks with Russian Finance Minister Anton Siluanov on the sidelines of the G20 finance ministers' summit in North Carolina, a step that drew criticism from some US allies. US diesel prices were near record levels and Brent crude rose to roughly $97 a barrel.