Concerns about potential US oil supply shortage grow amid Iran War

Rising tensions in the Middle East are fueling concerns about oil shortages, higher fuel costs, and broader supply chain disruptions.

In this interview aired May 11, 2026, on Arizona Horizon:

I don't think we’re going back to $3 a gallon anytime soon. I wish we were, but it's likely that the price is going to be higher. We're already in a deficit, we're not in a shortage. But, if nothing changes, we'll be at shortage levels sometime around the beginning of July.

— Dale Rogers, ON Semiconductor Professor of Business, professor of supply chain management, and director of the Frontier Economies Logistics and the Internet Edge Supply Chain labs