Trump-era Energy Secretary Cautioned Iran Conflict Would Drastically Hike Oil Prices
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Trump's Energy Secretary's Iran Oil Price Contradiction Exposed
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News18•12-03-2026, 22:33
Trump's Energy Secretary's Iran Oil Price Contradiction Exposed
•Trump's Energy Secretary Chris Wright faces scrutiny for contradicting his past warnings on Iran conflict's impact on oil prices.
•A 2024 report by Liberty Energy, Wright's former company, predicted "significantly escalated global oil prices" and Strait of Hormuz disruption if the Israel-Iran war expanded.
•As Energy Secretary, Wright recently dismissed rising oil prices as "emotional reactions and fear" and a "blip" after US strikes on Iran.
•The report specifically warned that direct Iranian involvement in the Israel war would put global oil supplies at serious risk.
•Wright caused market turmoil by falsely claiming the US Navy escorted a ship through the Strait of Hormuz, a claim later denied by the White House.