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High Gas Prices Persist Amid Iran Conflict, Says Energy Secretary

3/15/2026

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Summary

Story summary

Energy Secretary Chris Wright warned that U.S. gas prices will stay high for a few weeks due to Iran's conflict.
He said prices could drop below $3 a gallon by summer if the war resolves.
Iranian officials have threatened to disrupt oil flow through the Strait of Hormuz, potentially driving prices to $200 a barrel.
The United States plans to release 172 million barrels from its reserves to mitigate price increases.

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Story summary

Energy Secretary Chris Wright warned that U.S. gas prices will stay high for a few weeks due to Iran's conflict.
He said prices could drop below $3 a gallon by summer if the war resolves.
Iranian officials have threatened to disrupt oil flow through the Strait of Hormuz, potentially driving prices to $200 a barrel.
The United States plans to release 172 million barrels from its reserves to mitigate price increases.