Oil prices wobble as US and Iran attack

What this episode covers

The United States’ attack on Iranian nuclear facilities late Saturday caused a global oil price spike — but it hasn’t lasted. Prices have tumbled after Iran’s strikes on US military bases in Qatar and Iraq. POLITICO’s Ben Lefebvre explains these price fluctuations and what it all means for President Donald Trump’s low energy cost promises. Plus, New York governor Kathy Hochul is directing the state’s power authority to build a new nuclear power plant stat, giving NY more renewable energy options. Ben Lefebvre is an energy reporter for POLITICO. Josh Siegel⁠⁠ is the host of POLITICO Energy and a congressional energy reporter for POLITICO. ⁠⁠Kara Tabor⁠⁠ is an audio producer for POLITICO. ⁠⁠Gloria Gonzalez⁠⁠ is the deputy energy editor for POLITICO. ⁠⁠Matt Daily⁠⁠ is the energy editor for POLITICO. Learn more about your ad choices. Visit megaphone.fm/adchoices

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How long is this episode of POLITICO Energy?

This episode is 7 minutes long.

When was this POLITICO Energy episode published?

This episode was published on June 24, 2025.

What is this episode about?

The United States’ attack on Iranian nuclear facilities late Saturday caused a global oil price spike — but it hasn’t lasted. Prices have tumbled after Iran’s strikes on US military bases in Qatar and Iraq. POLITICO’s Ben Lefebvre explains these...

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