US treasury secretary claimed he didn't know why oil prices spiked – the reaction was as you might expect

US treasury secretary Scott Bessent has sparked backlash after suggesting he couldn’t understand why oil prices have spiked. Speaking to members of the media at the White House on Thursday (20 August) ahead of Melania Trump’s event promoting a foster care initiative, Bessent appeared to suggest he doesn’t “understand” why oil prices have spiked. In February, US president Trump launched the US into…