Chris Wright Does Not Rule Out Oil Hitting $200 A Barrel Amid Iran WarEnergy Secretary Chris Wright on Thursday dismissed concerns about a long-term severe global oil crisis as Iran retaliates for the U.S. and Israeli attacks, while claiming that it is "unlikely" that oil could hit $200 a barrel amid the fighting."We're going through short-term energy disruption for just huge long-term gain," Wright told "CNN News Central."A spokesperson for Iran's military command signaled that Tehran is determined to continue to wreak havoc on the global economy, telling the U.S.: "Get ready for oil to be $200 a barrel, because the oil price depends on regional security, which you have destabilized," according to Reuters.CNN's Kate Bolduan asked Wright if oil prices could actually hit $200 a barrel as threatened by Tehran."I would say unlikely, but we are focused on the military operation and solving a problem. I'm not going to guess on short-term trading. That's based on psychology more than flows of oil," Wright said. "The world is very well-supplied with oil right now, thanks to President Trump's leadership."BOLDUAN: Iran just said the world should be ready for oil at $200 a barrel. Do you agree people need to be prepared for that?CHRIS WRIGHT: We're going through short-term energy disruption for long-term gainBOLDUAN: Could that mean $200 a barrel?WRIGHT: Um. I would say… pic.twitter.com/OarKEPUjww— Aaron Rupar (@atrupar) March 12, 2026See All UpdatesClose