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High Oil Prices Are Temporary, Says Secretary Wright

Bloomberg Politics28 October 2026, 17:48 UTCIran

US Energy Secretary Chris Wright says high oil prices are temporary and calls this a "short term interruption" due to the war in Iran. He wouldn't predict where oil prices will go from here, but he says large military forces are being used to get ships through the Strait of Hormuz. (Source: Bloomberg)

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