The Economic Times

Iran conflict's impact on energy temporary and a 'small price,' US energy secretary says

U.S. Energy Secretary Chris Wright said the impact of the Iran conflict on global energy markets would be temporary and a small price for U.S. military objectives. Rising tensions and the closure of the Strait of Hormuz have disrupted oil and gas shipments and pushed up prices, but Wright said global supply remains strong and U.S. production is at record highs.