Iran war 'almost over,' dramatic price drop coming, interior secretary says
Interior Secretary Doug Burgum stated that the war with Iran is nearing its end and a significant drop in gasoline prices is expected. He emphasized that the U.S. has managed to avoid severe price shocks due to strategic partnerships, particularly with Venezuela. Burgum also highlighted the importance of energy dominance in the context of competition with China in artificial intelligence.
- ▪Doug Burgum claims the war with Iran is almost over.
- ▪He believes there will be a dramatic drop in gasoline prices soon.
- ▪The U.S. has maintained oil prices around $100 due to partnerships with Venezuela.
Opening excerpt (first ~120 words) tap to expand
Those who are focused on soaring gasoline prices are “missing the big picture” about President Trump’s war with Iran and should realize how much worse it could have been, Interior Department Secretary Doug Burgum said. Speaking at a Breitbart News forum, Mr. Burgum said Mr. Trump’s move to dethrone Nicolas Maduro and forge a partnership with the new leadership in Venezuela meant the U.S. had a cushion to withstand the worst of the price shocks when Iran tried to block access to the Strait of Hormuz. He said that helped keep the price of oil at about $100 and not $200. And he said things will get better soon.
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