Oil prices will drop after Iran war end 'in the next few weeks,' Energy Secretary says

Energy Secretary Chris Wright predicted that soaring oil prices will cool off within the "next few weeks" after the war in Iran wraps up, while sidestepping a question about whether he expects it to top $200 a barrel. Oil prices have been hovering around $100 a barrel in the futures markets since President Trump announced a massive attack on Kharg Island, a critical Iranian oil hub, where some 90% of its crude exports flow through.