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US Energy Chief Says Oil 'Fear Premium' Over Iran Is Temporary, Says Prices To Fall In 'Weeks, Not Months'
US Energy Chief Says Oil 'Fear Premium' Over Iran Is Temporary, Says Prices To Fall In 'Weeks, Not Months'
Energy Secretary Chris Wright made the rounds on network TV Sunday to reassure viewers that the sharp rise in oil and gas prices due to the Iran war - which Trump has no problem sticking US consumers with for a while - would prove short-lived, and has downplayed the spike as a transient "fear premium" vs. a fundamental supply issue.
In conversations to CBS, CNN, and Fox News, wright emphasized that global energy markets remain well-supplied despite...
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Screengrab via The Australian
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