Irrational Fear

Irrational Fear

The Energy Hypocrisy Exposed by the Iran Crisis

Why the “solution” to oil shocks would make America more dependent on its adversaries

Dr. Matthew Wielicki's avatar
Dr. Matthew Wielicki
Mar 10, 2026
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The recent escalation of conflict involving Iran has triggered a familiar media cycle. Analysts warn that disruptions in the Persian Gulf could send oil prices soaring. Headlines speculate about tanker routes through the Strait of Hormuz, global supply shocks, and the economic consequences of geopolitical instability in the Middle East.

But almost immedi…

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