Ben Shapiro: Oil Markets Stabilize as Iran War Fails to Escalate

Top Points

• Oil Markets Stabilized Quickly Despite U.S.-Iran Tensions– Ben Shapiro explained that oil prices briefly spiked but then dropped as markets concluded the conflict would not escalate or disrupt global supply.

• Iran’s Measured Response and Diplomatic Efforts Calmed Fears– Shapiro noted that Iran avoided major retaliation, and global diplomatic efforts—especially by the U.S. and China—helped prevent further escalation.

• Shapiro Emphasized the Need for American Energy Independence– He argued that domestic energy production protects the U.S. from global volatility and is essential for national security and economic stability.

Full Report

In a recent June 2025 segment of The Ben Shapiro Show, Ben Shapiro examined the global oil market’s surprisingly calm reaction to rising tensions between the United States and Iran. Despite fears of a major conflict that could disrupt global oil supplies, Shapiro noted that markets corrected quickly—signaling that investors do not believe the situation will escalate into a full-scale war.

Shapiro explained that although oil prices initially spiked following reports of U.S. military strikes on Iranian nuclear facilities, the rally was short-lived. Brent crude, which briefly jumped to $81.40 per barrel, dropped back below $68 within days after a ceasefire agreement emerged. The correction, Shapiro argued, reflects a growing belief that the conflict will remain contained and not severely impact global oil flows.

A key reason for the market’s resilience, according to Shapiro, is Iran’s measured response. While Tehran condemned the strikes, it has avoided retaliatory actions that would threaten critical oil infrastructure in the region. This restraint, Shapiro said, has helped calm markets and reduce the war premium that usually drives prices higher during conflict.

Additionally, Shapiro pointed to the influence of international diplomacy in easing tensions. Efforts by both the United States and China to prevent further escalation have reassured markets and contributed to a sense of control over the situation. Analysts have also highlighted that the current oil market is oversupplied by approximately 2.1 million barrels per day, providing a buffer against potential disruptions.

Shapiro used the moment to stress the importance of American energy independence. He argued that domestic energy production, particularly under conservative leadership, shields the U.S. economy from the volatility of foreign conflicts. By prioritizing robust energy development at home, he said, the U.S. can reduce its exposure to geopolitical instability in regions like the Middle East.

While acknowledging that the Iran situation remains fluid, Shapiro concluded that the muted reaction from oil markets signals a significant shift in how geopolitical risks are perceived and priced. He emphasized that this reinforces the case for strengthening domestic energy capabilities, both for economic stability and national security.

References

– The Ben Shapiro Show, Daily Wire, June 2025

– Reuters: "Oil market reflects slim chance of supply disruption" (June 27, 2025)

– CPAC: "Oil Markets React: Iran's War Isn't Escalating?"

– MarketWatch and Barron’s reports on oil price corrections and market expectations