From 'Baker Briefing': Why the Middle East Oil Shock Is Raising Gas Prices

As conflict and instability in the Middle East continue to shape global energy markets, Americans are beginning to feel the effects far beyond the gas pump. Host David M. Satterfield speaks with energy experts Kenneth B. Medlock III and Mark Finley about why oil prices react so sharply to geopolitical shocks. They discuss how those shifts ripple through airline fares, travel costs, inflation, and household budgets, and what could transpire in the months ahead as conflict in the Middle East continues. This conversation was recorded on May 13, 2026. Featured: Mark Finley Kenneth B. Medlock III Listen and subscribe to “Baker Briefing” on Apple, Spotify, or your preferred podcast platform.   You can follow @BakerInstitute on X, Instagram, LinkedIn, and YouTube. Learn more about our data-driven, nonpartisan policy research and analysis at bakerinstitute.org.