US EditionRise in US Energy Prices over Iran Temporary, White House Says
The White House forecasts a swift drop in gasoline prices after the Iran conflict ends despite a 17% price rise since U.S. and Israeli strikes, officials said.
- The White House said the recent increase in oil and gas prices due to the conflict with Iran is temporary, and the operation will result in lower gas prices in the long term.
- The U.S. military is moving to dismantle Iran's missile production and has recently bombed missile sites in Iran.
- The conflict has prompted marine insurers to cancel war risk coverage, halting most tanker traffic, and soaring energy prices have threatened economic damage.
23 Articles
23 Articles
Gas prices climb for the 11th straight day as markets react to war in Iran
Gas prices have risen for the 11th straight day as shipping challenges linked to the war in Iran continue to push up the cost of oil. "Rest assured, to the American people, the recent increase in oil and gas prices is temporary," White House Press Secretary Karoline Leavitt said Tuesday. Meanwhile, gas prices in California [...]
Analysis by David Goldman: President Donald Trump has a message for Americans worried about high oil and gas prices: the surge in fuel prices is a temporary but necessary sacrifice, and they will quickly fall again once the war with Iran is over. Trump claimed on Thursday that gas prices “will come down very quickly when this is over.” U.S. Energy Secretary Chris Wright declared on Friday that relief at the pump would come in “weeks, not months.…
White House insists Iran war will lower gas prices in the ‘long term’
White House press secretary Karoline Leavitt argued Tuesday that the US’ war with Iran will deliver lower gas prices for Americans over the “long term,” despite the recent surge in energy costs around the globe.
The Independent
The Independent (US)Leavitt promises Iran war will ‘lower gas prices in long term’ for Americans
Gas prices have spiked significantly since the U.S. and Israel began airstrikes on Iran 10 days ago
Caroline Levitt called the rise in oil and gas prices "temporary," estimating that the US operation will lead to lower fuel prices.
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