Energy markets shaken by months of geopolitical tension are beginning to steady, according to Chris Wright, who says the surge in gas prices linked to the Iran conflict has already 'peaked'. Yet while that signals a turning point, the relief many households are hoping for — particularly a return to prices below $3 (£2.23) a gallon — may take longer than anticipated.
According to a New York Post article, Wright, speaking on State of the Union, struck a measured tone, suggesting that although pressures at the pump are easing, the pace of change will be gradual. For families already stretched by high living costs, the warning is clear: prices may fall, but not fast enough to ease the burden immediately.
