What Trump’s war on Iran means for the US energy crunch
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President Donald Trump arrives at the White House as joint US-Israeli military strikes on Iran continue. Washington, DC, on March 1st, 2026. | Photo: Getty Images
Fuel prices surged after the Trump administration launched strikes against Iran on Saturday, immediately raising questions about whether the war would increase energy costs for Americans, put more pressure on power grids, and push companies to pump out more oil and gas in the US. If conflict drags on, that could potentially play into Donald Trump's plans to "drill, baby, drill" - but that doesn't necessarily protect Americans from higher energy prices.
Keep in mind that it's still too early to tell what kind of war the US may have sparked. The spike in global oil prices could be short-lived. But prolonged conflict and disruptions to oil an …
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Science Policy Report What Trump’s war on Iran means for the US energy crunch Long-lasting conflict could influence energy prices and production in the US. Long-lasting conflict could influence energy prices and production in the US. by Justine Calma Mar 3, 2026, 9:41 PM UTC President Donald Trump arrives at the White House as joint US-Israeli military strikes on Iran continue. Washington, DC, on March 1st, 2026. Photo: Getty Images Justine Calma is a senior science reporter covering energy and the environment with more than a decade of experience. She is also the host of Hell or High Water: When Disaster Hits Home , a podcast from Vox Media and Audible Originals. Fuel prices surged after the Trump administration launched strikes against Iran on Saturday, immediately raising questions about whether the war would increase energy costs for Americans, put more pressure on power grids, and push companies to pump out more oil and gas in the US. If conflict drags on, that could potentially play into Donald Trump’s plans to “drill, baby, drill” — but that doesn’t necessarily protect Americans from higher energy prices. Keep in mind that it’s still too early to tell what kind of war the US may have sparked. The spike in global oil prices could be short-lived. But prolonged conflict and disruptions to oil and gas production in the Middle East could reshape the global flow of fossil fuels. A longer military engagement has the potential to change forecasts for fossil fuel production in the US — already the world’s biggest oil and gas producer. It also risks inflaming a growing sore point for the Trump administration: rising costs for Americans as the nation’s energy demands grow. “It’s an interesting balance to walk” “It’s an interesting balance to walk because a higher oil price environment, which incentivizes increased oil production, fits within the ‘drill, baby, drill’ mantra, but it is also reflective of an environment where energy and particularly gasoline prices are lik...
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