Despite Iran conflict, U.S. oil production is unlikely to budge episode artwork

EPISODE · Jun 23, 2025 · 26 MIN

Despite Iran conflict, U.S. oil production is unlikely to budge

from Marketplace · host Marketplace

After launching air strikes on Iranian unclear facilities over the weekend, President Trump posted to Truth Social, demanding that U.S. oil firms “drill, baby, drill.” Although ongoing conflict in the Middle East could balloon oil prices, it’s unlikely that domestic producers are racing to ramp up production just yet. Also in this episode: Renting may be more appealing than buying right now, Treasury auctions see stability, and tariffs threaten the success of a Wyoming trona mine.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Episode metadata supplied by the publisher feed · Published Jun 23, 2025

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Despite Iran conflict, U.S. oil production is unlikely to budge

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