Former US Energy Secretary Says Worst For Fuel Prices Probably Over

Former U.S. Energy Secretary Dan Brouillette said the worst for oil and gas prices is probably over.

Global energy markets remain volatile as geopolitical tensions in the Middle East directly impact supply chains and consumer costs at the pump. The outlook for price stabilization depends heavily on diplomatic resolutions and the security of critical maritime corridors.

Brouillette, who served as Energy Secretary during the Trump administration, said the current economic landscape during an appearance on CNN. He said that while the peak of the price surge may have passed, the ultimate outcome remains contingent on specific geopolitical developments ^[1].

Central to this stability is the possibility of a U.S.–Iran agreement ^[1]. Such a deal could alleviate the diplomatic friction that often leads to market volatility and supply disruptions. Brouillette said that a resolution between the two nations would address the underlying tensions driving current energy costs ^[1].

Additionally, the reopening of the Strait of Hormuz is a critical factor for global oil markets ^[1]. As one of the world's most important oil transit chokepoints, any closure or restriction in the strait creates immediate supply concerns. The restoration of full, secure access to this waterway would ease the pressure on global inventories ^[1].

"The worst is probably over for oil and gas prices," Brouillette said ^[1].

Despite this cautious optimism, the energy sector remains sensitive to sudden shifts in regional stability. The interplay between diplomatic negotiations and the physical security of oil transport routes continues to dictate the pace of price corrections for consumers worldwide ^[1].