Tell the Truth: Why Are Energy Prices So High?

The sharp rise in oil and gas prices amid the conflict surrounding Iran calls into question the common explanations for the energy crisis and highlights how complex the real mechanisms governing global energy markets remain.

With the fracking and the US being almost energy independent, it should not be so high; also, part of the game is to screw over average working-class folks. Poor Americans — the good times are over.

However, to listen to Trump, all is falling into place; Iran wants to negotiate, and any energy price fluctuations are temporary; the joint effort to show Iran who is in charge has been well worth it. But beyond barefaced lies and the BIGGER scheme of things, the REALITY is far more complicated than the Zionist lobby and Trump’s spin doctors would have many clueless Americans believe.

But closer to the truth, one Iranian politician was recently quoted as saying:

“No negotiations have been held with the US, and fake news is used to manipulate the financial and oil markets and escape the quagmire in which the US and Israel are trapped in”.

“No negotiations have been held with the US, and fake news is used to manipulate the financial and oil markets and escape the quagmire in which the US and Israel are trapped in”.

It seems just too simple for me to buy into the latest general attitude, blaming it on the Israeli-American war on Iran. The volatility of energy (including oil, gasoline, and natural gas/LNG) is currently high due to a major geopolitical shock: the ongoing war with Iran that began in late February 2026.

At least we can thank Trump for his “prudence” and “better judgment” to delay strikes on Iranian energy targets, as he understands that the price of fuel at the pump is going to create a great backlash at polling stations during the upcoming midterm elections, likely shifting the political balance to the Democrats and perhaps bringing about his eventual removal.

Yes, this conflict has caused significant disruptions to global energy supplies, at least for now, particularly through attacks on oil and gas facilities in the region and Iran’s effective closure or severe restriction of shipping through the Strait of Hormuz — a critical chokepoint where about 20% of the world’s oil and a substantial portion of LNG normally flow. However, oil is still moving in the region, even through Hormuz.

Straightforward Narratives

However, purportedly straightforward narratives often fall short of capturing the true dynamics at play, particularly........

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