Where Are Oil Prices Heading?

油价将何去何从?

WSJ What’s News

2026-09-20

15 分钟
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As Middle East energy security breaks down, gas prices are creeping up and diesel is hitting record highs – driving inflation in the U.S. and around the world. With the help of Dow Jones Energy's Andy Critchlow we'll look at the historic disruptions battering energy supply chains in and around the Persian Gulf. And WSJ reporters Benoît Morenne and Konrad Putzier explain why dwindling strategic reserves and a narrow spectrum of politically-palatable government interventions mean relief likely isn't coming anytime soon. Luke Vargas hosts. Further Reading The New Offensive Raising Oil Prices and Complicating Trump’s Iran War How Energy Is Driving Inflation—and How It’s Not Oil Executives Say the Great Fuel Crisis Is Here Record Fuel Prices Pose Fresh Challenge for Trump Ahead of Midterms What Is Saudi Arabia’s East-West Pipeline and Why Is It Rocking Oil Markets? Is Fuel-Export Ban Trump’s Last Option to Ease Prices? How It Could Work Why Trump’s Venezuela Oil Grab Is No Quick Fix for Gas Prices ‘Refine, Baby, Refine’ Is the Energy Industry’s New Mantra Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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  • Hey, What's News listeners, it's Sunday, September 20th.

  • I'm Luke Vargas for The Wall Street Journal, and this is What's News Sunday,

  • the show where we tackle the big questions about the biggest stories in the news.

  • This week, our global fossil fuel supply chains breaking down, with Iran continuing to exert control

  • over the Strait of Hormuz, Iran-backed Houthis capturing another maritime choke point near Yemen,

  • and a key Saudi oil pipeline shut following drone attacks.

  • Middle Eastern energy supplies haven't looked this precarious in decades.

  • We're breaking down what that means for consumers, the global economy, and the midterms.

  • Let's get right to it.

  • Well, we've got a stacked show today.

  • Later on, we'll head to Houston and New York to hear from Journal reporters Benoit Morin and Conrad Puzier.

  • But first, I'm joined in our London studio by Andy Critchlow, the head of energy news for Dow Jones Energy.

  • Andy, when you and I spoke following the attack on Saudi Arabia's east-west pipeline,