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U.S. gasoline prices

FILE PHOTO: Tankers sail in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the U.S.-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. REUTERS/Stringer/File Photo
Mar 12, 2026

Oil unlikely to hit $200 a barrel, US energy chief says

U.S. Energy Secretary Chris Wright says oil prices are unlikely to reach $200 a barrel despite disruptions in the Strait of Hormuz caused by the Iran conflict.

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