📰 ET Markets ⚪ NEUTRAL 🕒 15 Oct 2026, 01:04 PM IST

Bessent urges World Bank to end restrictions on upstream oil, gas financing

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Core Development: Bessent urges World Bank to end restrictions on upstream oil, gas financing

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Market & Financial Impact: US Treasury Secretary Scott Bessent urged the World Bank to ease restrictions on oil and gas financing, support deep-sea mining, and reform procurement policies. He also advocated nuclear energy investments and stronger IMF scrutiny of global economic imbalances, reflecting the Trump administration’s push to reshape multilateral institutions around American priorities.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

Bessent urges World Bank to end restrictions on upstream oil, gas financing

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