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US Energy Secretary: Market Disruption Due to War Will Last 'A Few Weeks'

Published March 12, 2026, 17:12
US Energy Secretary: Market Disruption Due to War Will Last 'A Few Weeks'

US Energy Secretary Chris Wright stated that the market disruption in energy markets due to the war is expected to last only 'a few weeks,' while President Trump has expressed concern about rising energy prices for American consumers. Wright took responsibility for a false social media post regarding the US Navy escorting a tanker, calling it the result of a 'misunderstanding' and pledging to personally approve future posts. Wright reiterated that the administration is closely monitoring the situation and working to mitigate the impacts.