Live updates: Energy secretary emphasizes ‘short-term’ spike in oil prices; Senate to take up DHS funding
Source: The Hill News · Bias: Center
Summary
Oil prices seesawed overnight on fears that Iran will attack ships in the Strait of Hormuz, even after an agreement Wednesday among nations to release a significant amount of petroleum reserves. Energy Secretary Chris Wright on Thursday morning told CNN high oil prices were a “short-term energy disruption for just huge long-term gain.” Brent crude…
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More Headlines From March 12, 2026
- Oil price surges as Iran steps up attacks on ships in the Persian Gulf (Center)
- U.S. investigates strike on Iranian school as the war sparks a global oil crisis (Center)
- Trump says the 'quiet part out loud' with brag US makes 'a lot of money' from oil crisis (Left)
- Trump releasing 172M barrels of oil from reserve as prices soar amid Iran war (Center)
- Three more ships struck in the Persian Gulf as Iran warns of oil prices hitting $200 (Center)








