Iran 'terror premium' still drives oil prices, White House advisor says
White House adviser Peter Navarro said on Tuesday geopolitical risks linked to Iran continue to impose a long-term “terror premium” on global oil prices, saying removing that risk could lower energy costs.
In a post on X, Navarro referred to a report released by his office last month arguing that Iran-related risks have inflated crude oil prices for decades.
The analysis estimated that concerns over disruptions in the Strait of Hormuz have added around $5 to $15 per barrel to global oil prices, as markets price in geopolitical risk.
