{"id":3521,"date":"2026-03-05T03:00:05","date_gmt":"2026-03-04T21:30:05","guid":{"rendered":"https:\/\/www.businessupturn.com\/trade-policy\/?p=3521"},"modified":"2026-03-05T03:00:38","modified_gmt":"2026-03-04T21:30:38","slug":"speaker-mike-johnson-downplays-economic-risks-of-iran-war-as-oil-prices-and-markets-react","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/trade-policy\/speaker-mike-johnson-downplays-economic-risks-of-iran-war-as-oil-prices-and-markets-react\/3521\/","title":{"rendered":"Speaker Mike Johnson downplays economic risks of Iran war as oil prices and markets react"},"content":{"rendered":"
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The most senior Republican in the United States Congress, House Speaker Mike Johnson<\/a><\/span><\/span>, has dismissed concerns that economic repercussions arising from the United States and Israeli military action against Iran could undermine Republican messaging ahead of the November midterm elections.<\/p>\n

Speaking following classified briefings for members of the Senate and House on Capitol Hill<\/a>, Johnson indicated that the party\u2019s economic platform would remain unchanged despite mounting volatility in global energy and financial markets. He stated that international developments are often beyond the direct control of legislators and must be addressed as circumstances evolve.<\/p>\n

The ongoing conflict, now five days in duration, has contributed to higher oil and natural gas prices, renewed market instability and heightened scrutiny of supply chain resilience. Political analysts have suggested that the escalation presents electoral risks for President \u00a0and congressional Republicans, particularly given polling that reflects limited public support for military action.<\/p>\n

A recent survey indicates that only one in four Americans approve of the strikes on Iran, while approximately half of respondents believe the President is too willing to employ military force. Notably, one in four Republican voters share that view.<\/p>\n

Johnson nonetheless expressed confidence in the administration\u2019s judgement, stating that he believed the President was mindful of potential economic risks and would act appropriately. He added that delaying action in Iran had not been a viable option in light of perceived security threats.<\/p>\n

Republican Senator Thom Tillis<\/a><\/span><\/span>, who is retiring and has previously criticised Trump<\/a>, cautioned that policymakers must recognise the proximity of the elections and the potential for market driven price pressures affecting availability, supply chains and energy costs.<\/p>\n

Meanwhile, Senator Mike Rounds<\/span><\/span> acknowledged that military engagement inevitably carries economic costs, but argued that addressing perceived threats to international shipping required confronting what he described as the root cause in Iran.<\/p>\n

The conflict has also tested unity within the President\u2019s political base, with divisions emerging among prominent figures aligned with the movement. With healthcare and cost of living concerns dominating voter priorities, the economic consequences of the Iran war may prove pivotal in determining control of Congress in November.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The most senior Republican in the United States Congress, House Speaker Mike Johnson, has dismissed concerns that economic repercussions arising\u2026<\/p>\n","protected":false},"author":442,"featured_media":3522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,2],"tags":[74,1709,1710],"class_list":["post-3521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-united-states","tag-donald-trump","tag-mike-johnson","tag-thom-tillis"],"reading_time":"2 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/trade-policy\/wp-json\/wp\/v2\/posts\/3521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/trade-policy\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/trade-policy\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/trade-policy\/wp-json\/wp\/v2\/users\/442"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/trade-policy\/wp-json\/wp\/v2\/comments?post=3521"}],"version-history":[{"count":2,"href":"https:\/\/www.businessupturn.com\/trade-policy\/wp-json\/wp\/v2\/posts\/3521\/revisions"}],"predecessor-version":[{"id":3524,"href":"https:\/\/www.businessupturn.com\/trade-policy\/wp-json\/wp\/v2\/posts\/3521\/revisions\/3524"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/trade-policy\/wp-json\/wp\/v2\/media\/3522"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/trade-policy\/wp-json\/wp\/v2\/media?parent=3521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/trade-policy\/wp-json\/wp\/v2\/categories?post=3521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/trade-policy\/wp-json\/wp\/v2\/tags?post=3521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}