Freeing up Iran could be ‘very good thing’ for oil markets, Press Sec says
Could the combat operation against Iran result in an overall friendly market for oil and energy around the world?
by Summer Lane | March 6, 2026
White House Press Secretary Karoline Leavitt said on Friday that Operation Epic Fury may help the oil and energy markets around the world.
“We have to focus on the short term and the temporary goals of Operation Epic Fury,” Leavitt told Fox News. “To obliterate the Iranian regime will be a very good thing for the energy, for the oil markets, and for oil prices across the globe in the long term, when you no longer have a terrorist regime that is restricting the free flow of energy through the Strait of Hormuz and to the rest of the world.”
The Strait of Hormuz – a key shipping channel for oil tankers and cargo ships long threatened by the Iranian regime – has seen its normal traffic slog to a near-halt amid the outburst of violence in the Middle East.
Clearview Energy Partners co-founder Kevin Book told NPR of the Iranian-led closure of the strait, “When analysts have looked at the things that could go wrong in global oil markets, this is about as wrong as things could go at any single point of failure.”
This has driven some anxiety in the oil markets about what will happen in the near future, spiking oil prices by double digits since the U.S.-Israel joint operation in the Middle East began.
“The president has also announced some tangible actions over the course of the last four days,” Leavitt said, addressing American fears of spiking oil prices. “First, to provide political risk insurance to cargo vessels in the region; secondly, to ensure that there is a free flow of energy and that we are drilling expeditiously at home and that we’re tapping into these newfound markets in Venezuela, as well.”
On Thursday, the DOW dropped nearly 800 points as oil prices took a hike amid the ongoing combat operation against Iran, with some economists worrying that inflation could make a comeback, CBS News reported.
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