# US Treasury warns against rate hikes during US-Iran war energy ‘shock’

https://mins.news/en/item/142620

- Al Jazeera, 2026-11-13 16:22 UTC
- Economy
- Original: https://www.aljazeera.com/economy/2026/11/13/us-treasury-warns-against-rate-hikes-during-us-iran-war-energy-shock?traffic_source=rss

> Treasury Secretary Scott Bessent urged the Federal Reserve not to raise interest rates in response to an “energy supply shock” linked to the US-led conflict with Iran, saying the underlying US economy is strong. CME FedWatch nevertheless puts a December hike at 89.4 percent. The US added 165,000 jobs in October, while energy prices remain elevated.

## Related coverage

- [Iran's grip could 'unravel rapidly' as Trump intensifies pressure](https://mins.news/en/video/142669) — Fox News, 2026-11-13
- [Bessent and Fed’s Goolsbee split over energy shock’s role in inflation](https://mins.news/en/item/142630) — Reuters, 2026-11-13
- [Inflation jitters weigh on US Treasury auction as Fed official flags steep rate hike](https://mins.news/en/item/138539) — South China Morning Post, 2026-11-11