Energy Sec. Wright on decline in oil prices after Iranian strike on U.S. air base in Qatar

Oil Market Dynamics - Oil prices are not expected to rise significantly due to current tensions, with a potential slight decrease [1] - Oil prices decreased more than expected, potentially exceeding a 6% drop [1] Energy Production & Policy - The US is at record high production levels for both oil and natural gas [2] - The US maintains close relationships with major energy-producing nations [2] - A strong and confident America is viewed as a stabilizing force [3] - Previous policies were perceived as appeasing Iran and projecting weakness [3]